Thoughts on announcement today?
18 replies (most recent on top)
So no significant discoveries from EVP Exp and the Kosmos mafia yet?
IT'S FOR REAL THIS TIME! GET ON THE HYPE TRAIN!
[ Enter the pump cycle ]
For reference, the Sadlerochit, the main producing horizon in the Prudhoe field was about 500 ft thick pay with 25% porosity. Pikka 250ft.
SA team may be gone but not before being well compensated
SA team is gone. Who will cook the books on Alaska play. Alpine High play book version 2.0.
I feel this is another Alpine High swindling where money for that project is going to fly out the door with no budget cap again. Leaves the door open for more lawsuits and driller’s remorse.
Surely after this one does not play out like all the other ones, JC, SR, and MM will be showed the door. Apache is the laughing stock of the industry, which is so sad as it used to be one of the leaders.
Alpine high rerun.
I hope it’s not like alpine high !! Pad the books !!!
The market loves it! (The stock is flat vs its normal habit of dropping daily)
Remember this one?
"Today's announcement is the culmination of more than two years of hard work by the Apache team. While other companies have focused on acquisitions during the downturn, we took a contrarian approach and focused on organic growth opportunities. These efforts have resulted in the identification of an immense resource that we believe will deliver significant value for our shareholders for many years," said John J. Christmann IV, Apache's chief executive officer and president. "We are incredibly excited about the Alpine High play and its large inventory of repeatable, high-value drilling opportunities. We have thousands of low-risk locations in the Woodford and Barnett formations alone, and we are looking forward to further delineating what we believe will be a significant number of oil-prone locations in the Pennsylvanian, Wolfcamp and Bone Springs."
I thought Pierce Brosnan gave us the boot from Alaska?
Stock down about $.20 so that’s a vote of confidence
25 ft of pay sounds small
Stop me if you’ve heard this one before…..
After hours apa stock down 30 cents.
Nobody believes these announcements by the current ELT.
Meh. Years to first oil doesn’t help.
Too little too lte