'TomCrooz' pid='33262' dateline='<a href="tel:1386357 Wrote:
'Putncalls' pid='33258' dateline='<a href="tel:1386357 Wrote:
'TomCrooz' pid='33254' dateline='<a href="tel:1386356 Wrote:
'Palm' pid='33236' dateline='<a href="tel:1386352 Wrote:Dr Mike stated that they are very excited about the new prospect in PRL 15 that may be as large or larger than EA. The label "elephant" makes sense if it's bigger than an elk or antelope. But which structure is it likely? Bobcat? Raptor?
I do not understand why they are so exited about something they are getting penies per mcf for. 1 billion if they find 11 T? Find that 11T in an area they can sell it for 1.29
You are saying that they will get 1.39/mcf if they find another 11T in non E/A PRL15?
I think that is 100 million more or 10 cents per MCF.
This apllliest to PRL15 only I think.
Per the PR posted by Gator they get the $1.29 for anything additional found in PRL15 once it's certified. With Raptor/Duckbill extending into PRL15 it would qualify. As well as Bighorn as Sageo pointed out.
Ugly day, but once we get past this and RJ and MS update hopefully we recover a bit. Nice to be able to add shares, but....