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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: excardog who wrote (37069)	12/6/2004 9:03:15 PM
From: Ed Ajootian	Respond to of 206166

excar, Gasco Energy (GSX) -- I added on today's news, the big thing to me is that they succeeded in getting a third rig, and this one will drill wells where they have a 75% W.I. vs. 30% on the other 2. Not sure how long they will have this rig, but I'm hoping that they will have it for awhile. These days the limiting factor for plays such as Gasco's Uinta Basin play is whether a company can get enough rigs to keep drilling at once so as to overcome the hyperbolic decline rates of the wells. GMX Resources (GMXR) has been looking for another rig for their East Texas play ever since they did their equity raise in August, without success.