Ann: Drilling Commences - Mississippi Lime Wells , page-3

re: Ann: Drilling Commences - Mississippi Lim... Guys,

I hate to rain on anyone's parade but keep in mind these are "verticals". The whole point of the Mississippi Lime formation is exploiting the new HORIZONTAL fracking technology.

Completion costs are low because they are not drilling for ~25 days like most of the Horizontals. Recovery will also be lower in the verticals.

Suffice to say, drilling Horizontals would be a little difficult for AOK given their unfortunate balance sheet and cash position.