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If their Haynesville acreage resembles that of north Caddo then they are toast.
can you elaborate?
Checkmateking. They may be toast regardless of the prospective nature of their leasehold. Southern Star Energy and partners in the Sentell Field find themselves with insufficient cash flow, little capital reserves, no access to credit and an investment that looked promising six months ago. It may very well turn out that the Sentell Field is a very productive lease block, if Southern Star still has it six months from now.
I agree with you on that one, but I wouldn't mind having a job with em, did you check out those salaries. They have been for sale for a while, they want a dollar a share.
I'd have to defer to our industry experts on whether the salaries were appropriate for the services rendered. Reports on SS since Oct. have contained the same cautionary statements.

The company restructured in Nov. 2006 and has not realized any significant revenue from operations. The company is unlikely to generate significant earnings in the immediate or foreseeable future.

It appears to me that Southern Star has all its eggs in one basket (Sentell Field) and the hole in the bottom of that basket is getting bigger every day. I do not wish them ill. I would prefer that they, and every other operator, were financially successful in developing their portion of this play. And that success would provide economic benefits to lessors and local economies. The sharp downturn in the economics of the play has put pressure on all the operators. And some will not survive.
Let's hope they sell out for a nice chunk of change to the big boys for their sake.
Jay. The completions "just to the west" would be in the Longwood Field, would they not? The Caddo-Pine Island is further north. And the Sentell Field is about 5 to 6 six miles further east from the closest Longwood HA completions. I am hoping that the distance may make some positive difference.
have you heard anything from the harold well since it's been fraced. and how do you think chk matches againsts petrohawk's fracing capabilities.
Petrohawk makes some good wells.
It all depends on the Frac engineer and who the operator contracts to do the Frac I.E. Halliburton, Frac Tech Etc.
Checkmateking, do you know who Petrohawk uses to do their fracs?
Can you provide some links to the initial flow rates of these north Caddo wells?
Jay. I realize that we are talking only one township separation (six miles) between the western edge of the Sentell Field and the Franks #17. However the disappointing recent HA completions in the general area of Blanchard are not only on the northern edge of development, they are on the northwestern edge also. Is it possible that the reservoir characteristics previously discussed (porosity, permeability and total organic content) could be better this far north at some distance to the east?

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