Member Info for Orchy

fighting back, just need the P.O.O to do the same

appreciate your comments, handy to have knowledgeable posters to hand for the simple ones like myself :) ATB

“We are very pleased with the terms of this strategic farmout arrangement,” stated Clayton W. Williams, Jr., President and CEO of the Company. “We have been impressed with Caza’s operating results in the Delaware Basin and look forward to a mutually beneficial exchange of knowledge through this venture. Through this drill-to-earn structure with Caza, we have effectively sold up to 75% of our interest in fringe acreage at an attractive price per acre. And more importantly, we have sharpened our focus on developing the remaining 56,000 net acres in the heart of our Reeves County position where we have effectively delineated the Wolfcamp A and are moving toward delineating the Wolfcamp C.” this is huge imo,

I am going to write up Caza after the quarterly figures as then i can have a decent session with the management on numbers but followers should be aware that this deal is eminently sensible and should make Caza an even more likely target if it stays at these ridiculous levels.. - See more at: http://www.malcysblog.com/#sthash.wB2t9Ftq.dpuf

http://www.proactiveinvestors.co.uk/companies/news/74252/caza-oil-gas-says-farm-out-provides-excellent-opportunity-to-expand-bone-spring-footprint-74252.html

appreciate your views on the news today if your around and watching?

Go caza go... Rns later this week as well :)

q3 and all round ops update anytime now so yes.

yes waiting for the sonicboom!

anyone

they may update us thur/friday with flows as will be 21/22 days from frac, or they will wait till q3 which should be end of next week, problem is it wont have much of an effect on SP as its all oil price driven at the minute,

trades are from tuesday, could be legit trades or perhaps a rollover ?

'The Permian, where U.S. drilling activity is heaviest, will be profitable for companies to drill at U.S. oil prices of $57 to $75 a barrel, depending on location, according to research from Robert W. Baird & Co. As a result, companies active there, such as Chevron Corp. , Apache Corp. and Pioneer Natural Resources Co. , are likely to keep drilling. The Eagle Ford Shale, located farther south in Texas and home to Marathon Oil Corp. , Anadarko Petroleum Corp. and EOG Resources Inc., would remain economic at even lower prices—$53 to $65, according to Baird. North Dakota’s Bakken Shale, which is the focus of companies including Continental Resources Inc., Whiting Petroleum Corp. and Hess Corp. , comes in at $61 to $75 a barrel. To be sure, even small price drops could begin to affect production around the margins. “The clear losers in a low-price environment are going to be smaller companies that are overleveraged,” said Daniel Katzenberg, a Baird analyst. The downturn will be particularly tough on companies drilling in areas without much history of oil production. Costs tend to be high in these areas, which include the Tuscaloosa Marine Shale in Louisiana and Mississippi and some relatively unexplored shale formations in Oklahoma.' yes we have a large amount of debt and would probably be considered over leveraged but given the acreage we have and track record of successful wells / increase in production i think we will be just fine, GLA

http://online.wsj.com/articles/energy-boom-can-withstand-steeper-oil-price-drop-1414627471

operationally we should be looking to report Q3 2nd week of November, suspect an all round ops update will be included along with Lennox IR, GLA

yep, clocks went back an hour over weekend mate.

strong finish coming hopefully

Oil price Whisper it very quietly….but we might just have seen the bottom for the oil price, at least for the time being. Now this is no cause for breaking out the champagne nor does it signify a meaningful rally but there are a couple of small signs that the major part of the fall has now happened. I mentioned last Thursday that we were at a very important technical level for the oil price, with Brent flirting with $82.30 which is the 50% retracement from the five year high, that day with world markets in a bad state, Brent got very close but bounced at $82.60, voilá. Today we are at $86.62 after the recent modest bounce which has been mainly Chinese inspired as i mentioned yesterday, maybe, just maybe that strategic buying has given us some downside protection. The fundamentals are still very weak, especially for 1H 2015 and we have the Iran nuclear talks and the Opec meeting to come next month though. The API inventory stats showed a rise in crude stocks of 1.2m barrels, short of the 2.7m whisper, EIA tonight to confirm but gasoline and also distillates now will also be interesting. - See more at: http://www.malcysblog.com/#sthash.ztBygGAn.dpuf

nice to see :)

like malcy you have to wonder what the market wants... when you look at what caza have achieved, production up to 1300 boepd and with the leases they have to develop going forward (marathon road, Broadcaster, Igloo, Gramma) hopefully we can add Lennox to the list providing a decent result on the current frac. when you look at those leases and the production from initial wells then to me 2000 boepd plus is simply a matter of time and funding....