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I'm in the red on this... What does everyone think the bottom is? I reckon it'll go back up in 2006, but I'm trying to decide how far down I want to ride this, or if I should sell in and get back in later... or just buy more now, if we're at bottom... seems like it could go lower, though...
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Last time it winded down, it bottomed at 4 on a Friday, and by the end of the following week it was back bumping 8. At this price, I would buy more, not sell. The hype has dropped, due to lack of patience, but the gas is still coming. This is a long term play anyway, not everything happens overnight. If anyone hears from Quest, I have a couple of questions for him. Merry Christmas to all.
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after seeing what cwpc did, I'm socking this away in my oil-n-gas portfolio which are all long term holds. I can wait for this one to hit.
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quote:Originally posted by special ed: after seeing what cwpc did, I'm socking this away in my oil-n-gas portfolio which are all long term holds. I can wait for this one to hit.
What did cwpc do? That is stock symbol of CanWest.
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cwpc, with no news in the month of July (2005), a stock alert on Aug. 10, and news on the 18th, began it's Quest from a half-dollar to a three dollar stock in two months, now residing at 2.50 up .30 today - it took aggresive drilling, doubled sales, and further acquisitions - the same old things we're about to go thru
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AMEP is worth alot more than its trading for.I cant believe its so quiet,we need the pr on how the test holes went and when were going to move to the deep wells.Hope we can get all the bugs worked out,and what about the partner subscriptions?Let the investers know...Lets see what the new year will bring very flat everywhere with low volume...Great buy...
Based on the last PR, the site is prepared and the rig was in the process of being moved to the site, so now with the permit submitted and approved there should be no delay in drilling.
I am no expert, but based on my experience in this field and barring any unforeseen issues, it should be no more than a week before the well is completed.
I'm loading up now because this baby should move next week. GLTA and GO AMEP!!!
quote:Originally posted by NaturalResources: Slippery Wing,
Based on the last PR, the site is prepared and the rig was in the process of being moved to the site, so now with the permit submitted and approved there should be no delay in drilling.
I am no expert, but based on my experience in this field and barring any unforeseen issues, it should be no more than a week before the well is completed.
I'm loading up now because this baby should move next week. GLTA and GO AMEP!!!
Are you talking about well#8? If you are, the depth of this well is suppose to be 4999. I guess that is in feet. I am no expert either, but that is almost a mile down. Try 5 or 6 months if they don't hit rock, break a drill bit or have a blow out. If they don't have any of these problems and drilling operations is 24/7 for 5 to 6 months -- its possible. Someone with drilling experience can butt in anytime.
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quote:Originally posted by aBirdsOfFire: Are you talking about well#8? If you are, the depth of this well is suppose to be 4999. I guess that is in feet. I am no expert either, but that is almost a mile down. Try 5 or 6 months if they don't hit rock, break a drill bit or have a blow out. If they don't have any of these problems and drilling operations is 24/7 for 5 to 6 months -- its possible. Someone with drilling experience can butt in anytime.
Yes I am referring to well #8. Wells of ~5000 depth are typical for the company I work for. I am fairly certain turn around time from site-prepared location to TD'ed and frac'd well is ~1 week.
If you are referring to total time from proposed a well on paper to a well online and producing gas into a sales line, then 5-6 months is about right.
Also, the permitted depth is 4999, but that doesn't necessarily mean TD will be 5000'. If I remember correctly, the last PR stated TD for this well would be ~3100'.
I'll talk to some co-workers tomorrow and post a follow up.
-------------------- One is never completely useless. One can always serve as a bad example.
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quote:Originally posted by aBirdsOfFire: Are you talking about well#8? If you are, the depth of this well is suppose to be 4999. I guess that is in feet. I am no expert either, but that is almost a mile down. Try 5 or 6 months if they don't hit rock, break a drill bit or have a blow out. If they don't have any of these problems and drilling operations is 24/7 for 5 to 6 months -- its possible. Someone with drilling experience can butt in anytime.
Yes I am referring to well #8. Wells of ~5000 depth are typical for the company I work for. I am fairly certain turn around time from site-prepared location to TD'ed and frac'd well is ~1 week.
If you are referring to total time from proposed a well on paper to a well online and producing gas into a sales line, then 5-6 months is about right.
Also, the permitted depth is 4999, but that doesn't necessarily mean TD will be 5000'. If I remember correctly, the last PR stated TD for this well would be ~3100'.
I'll talk to some co-workers tomorrow and post a follow up.
Yes I was talking about the initial seismic data, drilling, capping, determining if the well is a commercial well (testing to determine the pressure), sales line (via trucks, oil line, etc.). But again, I am no expert -- only what I have read in books.
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quote:Originally posted by aBirdsOfFire: Yes I was talking about the initial seismic data, drilling, capping, determining if the well is a commercial well (testing to determine the pressure), sales line (via trucks, oil line, etc.). But again, I am no expert -- only what I have read in books. [/QB]
Also there is a period when the well is "tight." I don't know what this mean entirely. But, I think it means they don't want anyone to know the results until a specified time. Why they call it "tight" --I don't know.
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quote: Originally posted by aBirdsOfFire: Also there is a period when the well is "tight." I don't know what this mean entirely. But, I think it means they don't want anyone to know the results until a specified time. Why they call it "tight" --I don't know.
I think they call it a "tight" hole because they are being "tight-lipped" about the results of the well. I'm not sure if every well goes through period where it is a "tight" hole but am pretty sure ALL "wildcat" wells are "tight" holes.
-------------------- One is never completely useless. One can always serve as a bad example.
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