Ann: Transforming New Standard Energy , page-161

Agree Bruce - I can diversify (and have) by buying into the appropriate companies with the desired assets I want.

Cannot see how NSE will make the EFS work.

..... Gary Evans own words "shale scale"

http://media.oilandgas360.com/magnum-hunter-resources-corp-ceo-gary-evans-on-fox-business-network/

Around the 2:45 min mark in the interview and is referencing why he sold out of EFS (in reference to the PVA sale).

In a round about way it also validates why PVA did not take the Atascosa acreage - it's kind of stranded - contiguous acreage is highly desired to make the shale manufacturing play work - per EOG, CLR, ...


MHR had already telegraphed an expectation of $25M for the remainder of EFS acreage on their 10Q - if they sell their NSE shares at 14.5cps then its a rough match. But why would they? May be a very cheap exposure to Australian shale assets.

How's that saying at the poker table go about the fish?

Don't see it working in our favour.