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Ecomike

10/13/11 10:40 AM

#4927 RE: maybe_this_time #4926

We have had Google views posted off and on in the past here, and we have a few, two that I recall for sure, posters here that live near the well, that have have done fly overs (and posted photos) and watched the access road. Others have posted the public filings info at one time (Geo?), as the well was being drilling. One of them owns some of the MNLU leased property. It is all here in the old posts going back to November 2010. Geo has had second hand (IIRC) contact with one of the mud suppliers that supplied the job. There has been a ton of DD on this one by many people here. The risk is a what if they never get funding to frack the well and tie it into the pipeline. The reward (less any deal dilution costs) is they have Schlumberger reports that indicate they are sitting on $1 billion dollars of dry NG at 22000 feet (this includes the AEXP merger leases) which does not include known (but so far unquantified) oil, or condensates at other depths. The access road (not the well site) was flooded out this summer, Miss. River, and we got word from a local guy that the county plans to build a new road...