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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: CommanderCricket who wrote (125034)	10/19/2009 12:27:08 PM
From: Umunhum	4 Recommendations Read Replies (5) of 206151

The Presentations for the latest ASPO meeting are now available: aspo-usa.org This one is especially important for anybody invested in natural gas companies: aspo-usa.org Art claims that the true cost of gas in the shale plays is between $7 - $8. The companies that are claiming lower costs are playing accounting games with the EUR (estimated ultimate recovery) to make things seem far more profitable than they are. Slide 13 says it all: What Do the Operators Claim? CHK = 2.65 Bcf/well DVN = 2.2 Bcf/well XTO = 3.3 Bcf/well Compared to a study using these operators previous shale wells encompassing over 1100 wells that have an average EUR of .95 Bcf/well. Makes me want to stick to oil.

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