Replies to This Discussion

Permalink Reply by Joe Aldridge on November 11, 2011 at 7:22

TD,

See that is the way I thought I remembered it and I've said the same about OPEC.

I thought I was the only conspiracy theorist on here. LOL........

 

Thanks TD!!!!!!!

Permalink Reply by littleasy on November 11, 2011 at 8:27

http://quote.morningstar.com/stock/chart.aspx?t=CHK&culture=en-US

Joe,

The stock had seriously broken by 7/31/1997 and hit "bottom" by 2/28/1999 at $0.75.  The chalk, unlike the memory, produces the best results when fractured.

 

http://securities.stanford.edu/1002/CHK97/001.html

Now, who's the conspiracy theorist?

Permalink Reply by Joe Aldridge on November 11, 2011 at 8:36

Like I said AM and CHK got burned on the Chalk and are not coming back. At least to this point they have not shown any interest and I doubt that they will. So one major player is out of the mix.

Permalink Reply by oilfinder on November 20, 2011 at 7:36

Joe,

You owe Anadarko an apology after the Lacour 42 IP:

F 3000 BOPD; 2500 MCFD; 3800 FTP; 4900 SITP; 600 CP; 20/64 CK; 600 BWPD

Permalink Reply by Kirk Barrell on November 22, 2011 at 4:04

Amen!

Permalink Reply by Joe Aldridge on November 22, 2011 at 9:35

Jay and Kirk,

I think they are learning. The first wells were not that good. Until they learn how to control the mud loss there will be problems.

Permalink Reply by Joe Aldridge on November 11, 2011 at 8:44

Hey guys, This has been a very good history lesson. Thanks for the posting and information.

Permalink Reply by John Matherne on November 16, 2011 at 11:30

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2...

 

Well update 11-14-2011

 

 

Permalink Reply by Robert on November 22, 2011 at 6:25

Does anyone know for sure that any wells have hit  dry holes in Avoyelles? Bayou Jack? The reason is that i am handling potentail minerial rights sell for a disabled friend for some acres. The person/broker Chuck Langalois says that there was a dry hole in the area. I know what hes doing trying to do,get it cheap from us dumpcoonasses.There no dry holes just bad operators? My friend has 93 acres in w/2 of ne/4 sec 38 T1S-r4e. We would like to inquire about 60 acres. One offer was $1500, chucks is$ 850 p/a. Is this too low. My friend says it is. Any suggestions, Thanks

Permalink Reply by Joe Aldridge on November 22, 2011 at 9:32

There are no dry holes!!!!!! The geologist from Anadarko made the statement in the pre-app conf. earlier this year that the Austin Chalk is every where they just need to find Chalk with fractures. Someone else will have to talk about value. I would think it would be considerably higher than $1500 per acre though.  

Permalink Reply by John Matherne on November 22, 2011 at 10:36

I think $1500 per acre is very good. You must be near some producing wells.

Permalink Reply by littleasy on November 22, 2011 at 15:12

Just depends on the assumptions made?  May only be 25% of AC value, and does not include other formations.  But you would need much more info to make an informed decision, IMHO.

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