mcf and useg

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sansonetx
Posts: 30
Joined: Sat May 15, 2010 9:23 am

mcf and useg

Post by sansonetx »

Dan,something of interest...these companies are drilling in the buda with interesting results.No fracking is needed thus the wells are costing less than 3 million.The results are leading to pay out in around 2 months.Just curious if you might take a look at the latest press releases and shed light on what you see.
dan_s
Posts: 34648
Joined: Fri Apr 23, 2010 8:22 am

Re: mcf and useg

Post by dan_s »

I looked at them both a year ago and was not impressed, but maybe the Buda wells will get them going. USEG is a very small company (about 1100 boepd of production) and mainly a non-op. They are in some JV wells with MCF.

Right now I am very busy getting ready for the InvestFest Conference next week and all the Sweet 16 reports coming out.

I promise to take a look at these two in March.
Dan Steffens
Energy Prospectus Group
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