not bottomed in the efs imhoin mcmullen there were 55 or so...

not bottomed in the efs imho

in mcmullen there were 55 or so permits, for may

in june the permits so far are about 65.. so an increase there

each well is easily costing up to a max of $10 mill

month on month the permits just escalate...

in may there were 26 separate drill sites with drilling events

so 26 rigs in mcmullen

in june there are 27 separate well sites with drilling activity logged, so 27 rigs this month

no slowdown in the mcmullen efs.

not convinced the overall market reaction to the sector is a reflection of the actual value the efs has for players like texon in the efs.

yet to see anyone come up with some compelling numbers and facts that relate to the efs oil pointing to any dramatic downturn..

the economic numbers for the shale are all good.. and all parts are full steam ahead from what my research tells me..

imho the small volumes and exits are frustrating a lot, its easy to see that5 in the posts, but i cant see anything in the region that reflects an industry wide exit from the shale. its all go go go...

consequently i am buying currently.

hope those exiting are happy, and i am hoping my view on the shale and my research pays off for me and for the others buying atm.... and the LTH of course

good luck to all holders