Doug is very close to being in big trouble with his creditors . Doug's current production $UCK$ . The more money EP throws at production , the more production declines .
Assuming EP can sell its way out of it's balance sheet woes , Clambo does see a bit of daylight .
Clambo GREATLY APPLAUDS , the Eagle Ford play , and EP buying land in that play . Eagle Ford has the making's of a GREAT production area . Eagle Ford is the next Haynesville .Eagle Ford adds 1 tcf of reserves , a decent number . KEEP ADDING EAGLE FORD , this could SAVE your production division.
Egypt , a EP well came in at 1700 barrels of oil per day , I did not listen to the call , but did check out the presentation . If that 1700 barrel figure , is oil and not gas equivalent, EP has a VERY nice well over there . A bunch of wells at 1700 barrels , would be a game changer indeed .
Clambo does see a ray of hope !
Doug , you misssed the shale boom , KEEP adding Eagle Ford , NOW !!!!!!!!!