The significance in Arikaree Creek of the Upper Mississippian pay-zone above the Spergen has been lost and mis-understood by investors in general. If this is proved to be commercial with the horizontal drill, the reserve base and cost structure with pads and facilities all in place will transform this oil field from being great to exceptional. Multiply this many times with the Nighthawk Acreage and the future looks bright.
steady climb north again. confidence building up....not that i lost confidence !! expecting an average rns, just because i cant see the figures jumping too much after the workovers, but happy to await good news on the new drill projects. however. hawk does have a habit of surprising us !!
RE: 8.14 to Buy
Yep, haven't had a day like that for a while....very good afternoon. About bl00dy time RNS tomorrow presumably!?
8.14 to Buy
Looking good all.. Buy Volume 1,174,793 Sell Volume 363,817
Insightful Analysis On Oil
An insightful and bullish analysis on oil was out this morning from Seeking Alpha: http://seekingalpha.com/article/2581505-8-major-reasons-why-the-current-low-oil-price-is-not-here-to-stay
I can see ths morning that Cogcc production figures have been added for June. When i get time later today i will have a good look, at a glance you can see wells decline, slightly. Hopefully the maintenance that has been carried out will improve those bopd. Next set of numbers i cant much improvement, unless the new wells provide a good boost.
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