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Message: Test Results

Re: Test Results

in response to by
posted on Oct 06, 2008 07:19AM

They're coming up...we could see as early as this month, if not, I would say next month for sure...that's what I've heard.

I'm long on this and have been for a long time. Whether qec was at $6 right now or $1, if the gas is there and TLM and FST are still speaking highly of this play and getting amazing results...then why worry...because eventually the value will be shown.

Remember, it isn't a loss until you've sold. I said before, Josef S said $3500/acre for our land...which is a fraction of what most shale player get for land, give us $6 target...the deals in the market are huge...and if you bought higher, remember why you bought the company, what made you take the leap...whether it was higher or you bought April 1st at $0.50. In the long run...which is how you should be looking at this company, the return could be incredible. If we have 10tcf of recoverable gas under our feet...which can easily be the case...being that it's only at 20% recovery (Barnett started out with 15%, and now getting up to 50-60% in some parts)...then the return on your investment could be immense, that when you look back to these times, you realize why you worried.

I'm just saying, if you bought because of the DD you did, all the info you gathered from these boards and your info and believe in the company then know that none of the fundementals have changed and we're pushing forward...all news since April 1st has been a lot better actually.

It just so happens that we are caught up in this slide. Normal market conditions, we'd be $3-4...commodities are hit hard, but if you look at China's growth for this year, it'll still be between 8-9% and India as well, so the world still needs oil and gas, and that won't change....economics in our favor. On the plus side, by the time a true full scale production could start is in 2010, and by that time I see NG being a lot higher than today's prices.

Anyone have anything to add? Please do.

Rocco

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