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Started By
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Goodrich Petroleum Up 30% on Tangipahoa TMS Well news (Blades)
Posted on 4/14/14 at 10:13 am
Posted on 4/14/14 at 10:13 am
HOUSTON, April 14, 2014 /PRNewswire/ -- Goodrich Petroleum Corporation (GDP) today announced the completion of its Blades 33H-1 (66.7% WI) well in Tangipahoa Parish, Louisiana. The well has achieved a peak 24-hour average production rate to date of 1,270 barrels of oil equivalent ("BOE") per day, comprised of 1,250 barrels of oil and 115 Mcf of gas on a 14/64 inch choke from an approximate 5,000 foot lateral.
LINK
LINK
This post was edited on 4/14/14 at 10:35 am
5
Posted on 4/14/14 at 10:15 am to tigerpawl
HK up 14% today
Posted on 4/14/14 at 10:34 am to tigerpawl
Pardon my ignorance, but does this mean anything for the people that have mineral rights on their land in Tangi?
I don't have any, but my parents do.
I don't have any, but my parents do.
Posted on 4/14/14 at 10:44 am to That's BS
quote:
I don't have any, but my parents do.
Are they leased? But yes, it means that someone could try to lease it up or it could make the actual drilling of their minerals more appealing.
Posted on 4/14/14 at 10:44 am to tigerpawl
True story- I've been trading GDP the last 2 years. I buy then sell every time it shoots up 10-15% then buy on a pullback.
One time my dollar cost average was about $12 and I sold some 6 month $15 strike calls and it gushed to $28.... it pulled back to $17 by the time they executed. Capped my gains.... other times my calls have expired worthless for the win.
Then, I bought at $12 back in jan, sold up 15% 2 weeks later, bought back in right under $15 and sold April 19 $15 calls and pocketed a quick 15%. I was bragging to myself about grabbing a quick 30% for 2 months of work until it opened this morning.
One time my dollar cost average was about $12 and I sold some 6 month $15 strike calls and it gushed to $28.... it pulled back to $17 by the time they executed. Capped my gains.... other times my calls have expired worthless for the win.
Then, I bought at $12 back in jan, sold up 15% 2 weeks later, bought back in right under $15 and sold April 19 $15 calls and pocketed a quick 15%. I was bragging to myself about grabbing a quick 30% for 2 months of work until it opened this morning.
This post was edited on 4/14/14 at 3:33 pm
Posted on 4/14/14 at 11:02 am to PetreauxCat
Yeah, they are leased. To whom, I don't know.
Posted on 4/14/14 at 11:39 am to That's BS
quote:Is their land in Northern Tangipahoa? If so, then there is a possibility
Pardon my ignorance, but does this mean anything for the people that have mineral rights on their land in Tangi?
This post was edited on 4/14/14 at 11:54 am
Posted on 4/14/14 at 12:14 pm to ForeverLSU02
quote:I've asked this question before, but the answer always seems to come back "fuzzy" - mainly because of my lack of knowledge in O&G/Geology.
Is their land in Northern Tangipahoa? If so, then there is a possibility
If you own land between the Northern and Southern boundaries of the TMS (as seen in this map), does the probability of being included in drilling activity increase as you get closer to the mid-line of the TMS? How precise is Seismology? Thanks in advance.
This post was edited on 4/14/14 at 12:19 pm
Posted on 4/14/14 at 12:30 pm to tigerpawl
I tried to tell people to jump on GDP a couple months ago. Hope some listened
Posted on 4/14/14 at 12:50 pm to ForeverLSU02
quote:
Is their land in Northern Tangipahoa? If so, then there is a possibility
Yes, it's in the Chesbrough area. 70 acres.
Posted on 4/14/14 at 3:30 pm to tigerpawl
quote:
does the probability of being included in drilling activity increase as you get closer to the mid-line of the TMS? How precise is Seismology?
If you look at the amount of wells permitted, the hot spot is SE Wilkenson Co. and SW Amite Co. But with the Blades making a good showing that will expand.
Mississippi passed some tax encentives and that may be the reason for more exploration in Miss. But it will expand further if they can figure out how to get the oil out of the ground at a reasonable cost.
Good Luck
Posted on 4/14/14 at 3:32 pm to tigerpawl
I tried tried tried sooooo hard to sell Friday at 18.68 when it was at 18.60. It fell to 18.40ish so I said screw it. I ended up selling today at 22.70 
But not bad since I bought at 11.82
But not bad since I bought at 11.82
Posted on 4/14/14 at 5:37 pm to tigerpawl
Some really good news with those results. Anxious to see what some of the other wells being drilled on the fri ges produce
Posted on 4/16/14 at 12:08 pm to FelicianaTigerfan
Lots of buzz about HK this morning in the stock area, they were talked about CNBC. Supposedly the seismic specialist that was at PetroHawk is back with HK now, and good things are expected.
Nothing like euphoric optimism, hopefully some of it is true.
Nothing like euphoric optimism, hopefully some of it is true.
Posted on 4/16/14 at 12:12 pm to RGV AG
quote:
hopefully some of it is true.
me too. Especially since HK has the lease on our land
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