WildcatDriller
13 years ago
This is not a terrible place to enter. However, I believe that they will need to issue equity to raise funds. This is a very exciting play, but these guys need a plan or a experienced JV partner from the big leagues. The first two wells were complete shots in the dark. Screaming Eagle and I both think there will be big oil found on their holdings, but they need to do a much better job of prospect evaluation. Screaming Eagle is in Oklahoma at this moment, so I'm answering your question. I hope you don't mind. This is big time wildcatting at it's finest! I bought at .065 .