Morning Razor, hope all is well...To early for Mr. Altman to comment on CHK? Reported earnings of .14/sh,nice increases across the board..Also interesting to note, at the end of 2Q their bank credit facility was maxed at a draw of $50mm,completely paid down at the end of Q3..comments anyone? TIA..DD
PS: reported production,,84% natural gas, and how about that chalk ng well, need more like that one<g>
"Gulf Coast. Chesapeake's Texas Austin Chalk project continues to generate outstanding results with the recent completion of
the Carmona #1-H. This 19,550' single lateral horizontal well is averaging 26,000 mcfe per day through a 26/64'' choke with
flowing tubing pressure of 8100#. Estimated ultimate reserves are 12 bcfe. Based upon current natural gas prices and a
completed well cost of $2.6 million, this well should reach payout within 60 days. The company has successfully completed
three out of four Texas Austin Chalk wells in 1999, with average per well reserves of 13 bcfe generating finding costs of $0.40
per mcfe. The company is currently drilling its next Independence well, the Hiram #1-H, and expects to drill five Texas Austin
Chalk wells in 2000."
biz.yahoo.com
PSS: ALso I believe a big hand is in order for the fund manager of Janus Global tech JAGTX,broke the century mark yesterday,,up 101% YTD...<vvbg> (top 10 holdings-
amat csco exds jdsu nok sape sunw ter txn vrts ) |
