Many of the dusters over the past year were seen as failures as they didn't produce oil. Grizzly introduced P/dome and Port Hudson is currently producing but we didn't participate in completion. SW was a re-entry and AB was around a fault. Perhaps whilst the oil was one goal there were other reasons for selection of the projects we participated in such as knowledge for future activities. We can see from another companies Bayou Choctaw project (see below link)what a development plan may look like and the type of opportunities available to any similar project. As I said before it's just a theory but seems plausible. If we consider what has been done and apply to the future we can draw a bigger picture to focus on.
All opinion only
Cheers
http://globenewswire.com/news-release/2011/08/16/454084/229717/en/Eagle-Ford-Oil-Acquires-Working-Interest-in-Bayou-Choctaw.html
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