Page 1 of 1
mcf and useg
Posted: Wed Feb 12, 2014 11:59 am
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.
Re: mcf and useg
Posted: Wed Feb 12, 2014 12:36 pm
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.