Replies to post #4114 on THE TRADING STOCK LOUNGE

[Dwrvt]

I am lost on PEII, When I read the 8k of plugging 8 wells massive money down the drain and changing down hole pumps and liner only on 5 more wells with a lousy increase in production of 8-10bopd and that's on all 5 wells only 8-10bopd!

Why didn't they do an acid job on the 5 producers or other production enhancement technique with the wicked expensive rig there?

I see PEII off the 8k - bleeding $$$$$$$$$$$$$$$.

Can't see the excitment on PEII!