RE: Sp19 Aug 2018 12:31
There was a period in Arcm when there was no news and a depressed sp because of no focus on projects but now they have a plan and they are drilling so there is going to be news but was a good time to buy then, with you being LT holders then short term stabilization can be draining but I know this period is quiet as setting plans so the news flow is not going to be as forthcoming as you would like and the short term price to be better who wouldnt!
With Highlands there was a changeover period from the focus on ED to get that funded, drilled and connection with the new gas line (otherwise no oil) too the period of setting future plans of being self funded to take forward Kansas Nitrogen suppling (DT) and the planned 48 west Denver wells so would have thought because of the position of these exciting projects there is no conclusion/finalization of acquiring acreage as can be seen with the small print of land accumulation at bottom of RNS, so no shouting from the Bod as such, what we would like to know is more info about this as your going to the AGM so if you can gives feedback on this much appreciated!
Researched in the areas of the indicated analog near front range which show outcropping of the different formations with the faulting and stratigraphic traps and source rock and look forward to more information on the projects, as the well in question for WD that flowed 13000 bbl of oil freely with no stimulation from a vertical well reached 9,655 ft to the Codell Sandstone of the Dakota Group with this being the only set of perforations at 8956 ft - 8980 ft landed in fractured limestone of the Fort Hays member of the Niobrara and is an average v.good vertical well with an 37 degree API gravity, nice oil quality if the research is good!