Ann: Drilling Commences - Mississippi Lime Wells , page-2

re: Ann: Drilling Commences - Mississippi Lim... This was a great announcement
- drilling commencing
- completion costs surprisingly low ( I guess because SWD wells already drilled)
- very high likely hood of success with data and location secured

But for me the two most impressive parts of this announcement were
1) The level of detail.
Makes a really nice change and hopefully a sign of things to come.

2) The Ranger well to the south of the lease looks phenominally good.
- 6000 BF/d with a 5-10% watercut translates to 300-600BODP. Gas would be anouther 80-160 BOE/day depending on how you calculate it.

My sentiment is hold due to price of oil and dodgy world markets. Hopefully global headwinds won't derail what looks to be a good story.