Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on March 16, 2009 at 10:57

Thanks, Joseph. I will defer to Jay and look forward to his take on the logs and other petrophysical data. It is my best guess at this time that the SS pdf is a sales piece. I agree with the Count's comment that they probably lack the financial and technical capabilities to develop their Haynesville leasehold. They need a joint venture partner that is capable or they need to sell. If their Cotton Valley and shallower horizons are deemed productive, they might retain and develop them while selling their deep rights or take a working interest. Unfortunately this is not the best of times to shop this asset.

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Permalink Reply by Checkmateking on March 14, 2009 at 12:24

Spring Branch, the ones I know of were done by Halliburton, they are the best IMO.

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Permalink Reply by Spring Branch,mineral owner on March 14, 2009 at 14:29

Thanks, Checkmateking. Schlumberger just did one on a well I have an interest in. Jury is still out.

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Permalink Reply by Checkmateking on March 15, 2009 at 4:39

I would want Schlumberger or HB to frac any well I had an interest in.

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Permalink Reply by Two Dogs, Pirate on March 14, 2009 at 14:49

Halliburton fracted the Olympia minerals #236842 and something went wrong.

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Permalink Reply by J. A. on March 14, 2009 at 14:50

What is the link I use to check #236842

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Permalink Reply by Two Dogs, Pirate on March 14, 2009 at 14:53

sonris, www.sonris.com

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Permalink Reply by The_Baron on July 6, 2009 at 3:18

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Permalink Reply by Skip Peel - Mineral Consultant on July 6, 2009 at 6:45

Southern Star states in it's SEC financial reports that since it's incorporation (2006 if memory serves) it has not generated a profit. And that it does not expect to do so in the foreseeable future. Currently one of their more significant operating expenses is their monthly payments to their public relations firm. Most probably the source of this map. Along with Mainland Resources, they stand out among the companies that are incapable of playing the shale game but hope to gain something from "talking a good game". Caveat Emptor !

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Permalink Reply by The_Baron on July 6, 2009 at 7:31

Thats why I posted it Jay, I was amused myself. Thought it has to long since we've had a good discusion on Southern star.

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Permalink Reply by Count of Monte Cristo on July 6, 2009 at 13:30

16 cents per share, stick a fork in them, they're done. I highly doubt they will survive till year's end.

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