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Message Boards Settings Gasco Energy, Inc. (GSX) - Quote Info
just listened to cc      6-Nov-09 10:25 am    
have been away somewhat surprised at negative reactions-some positive points.apparently they are trying to monetize midstream assets and hinted that cash will be used to pay the banks and begin to recomplete 32 wells and complete the 4 upper mancos.This will materially add to cash flow especially in the winter months with higher ngas prices.Looks like the may go horizontal in the mancos using staged completions.They suggest that production can increase up to 10 times with only double the costs.If so initial flow rates can be in the 10000 mcf range with rapid paybacks.These wells decrease rapidly but then continue as long lived production.success could really attract attention and be positve for share prices,.Cash has increased to $10.6 million after pay of cv dividend .with cash from midstream gsx can again increase production in the uinta.California is going to take time for production but drilling success will be rewarded immediately.Note that they believe that the deep reservoirs have the same payzones as oxy discovery.Still multimillion barrel potential.So this pull back is a nice break for those with cash handy.


Sentiment : Strong Buy
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basalt05

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  Subject Author Rating Time of Post (ET)  
 
just listened to cc
basalt05 6-Nov-09 10:25 am  
 
with oil down $2.50 this one is holding up great ...
usetob77 (1 Rating) 6-Nov-09 12:41 pm  
 
I'll 2nd that------GSX and KOG holding like g...
deepsub9 Rate it 6-Nov-09 01:35 pm  
 
OT:
actually I don't know how I trip onto ax...
usetob77 Rate it 6-Nov-09 01:55 pm  
 
holding up great!
miguelmas33... Rate it 6-Nov-09 02:54 pm  
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Gasco Energy Inc. (GSX)

Chart for Gasco Energy Inc. (GSX)
On Dec 30: 0.523 Down 0.047 (8.25%)
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