tuesday trading, page-11

Thought, in the absence of tci, I would post some data re the Atchoa project and the Tuscaloosa sands where Brian 1 is located:

Project Highlights

Up-dip to Port Hudson field in the heart of the prolific Tuscaloosa Trend
6,400 contiguous acres close to existing infrastructure
Mud log indicates 125 feet of bypassed pay
Additional drilling and development potential
Estimated IP ~ 6,000- 8,000 MCFD
Potential Resource (Re-entry) ~ up to 28 BCFE

and this from an earlier post on HC

"Here are some wells recently drilled in the Tuscaloosa sands

Area Development & Activity Recently, BP Americas completed the Majors #7 in the Judge Digby Field at a rate of 50 million cubic feet per day (MMCF/d). This well is now considered the largest gas producing well in North America.
BP/Amoco’s Judge Digby Parlange #2 perforated the Tuscaloosa and was completed at a rate of IPF 34.4 MMCF/d and 400 BC/d. The well, with cumulative production to date of 58 BCF, has an expected Estimated Ultimate Recovery (EUR) of 71.3 BCF and 200 MBC. To date, the Judge Digby Field has produced 650 BCF and 1.8 MMBC.

Other notable and recent discoveries include BP/Newfield’s well in Point Coupee Parish, Louisiana, producing at 30 MMCF/d with offset wells currently being drilled.

Some pretty good flow rates lol. but the most important thing is the estimated 1 bcf per foot Tuscaloosa sands contain give us a good indication of what Atchoa contains.

The commercial viability of 18,000 to 20,000-foot Tuscaloosa sandstone wells was established by the discovery of fields such as Morganza, Moore-Sams, Port Hudson, Rigolets, False River and Judge Digby. With porosities up to 28% at depths of over 21,300 feet, wells could recover nearly 1 BCF of gas per foot of pay. Today, development in the Tuscaloosa trend continues aided by strong gas prices and 3D seismic.

Fut will run hard if Brain goes anywhere near this."

The point being, nothing above has been negated. The only change is the need for the well to be fracced- which was expected anyway. So why are we pushing .005? Who knows, but it makes pretty good buying.
cheers
JH