re: Tuscaloosa Marine Shale oil well sets record (for TMS) - 1540

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TMS has a higher failure rate than success at the moment.

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You are correct, that is what we are all seeing. Hopefully with more wells and a more money it can be figured out.

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But they aren't profitable.

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As a cumulative group I believe you are dead on, but from what I have read and can extrapolate 3-4 of the wells are on their way to being profitable, I just wonder if they will get to be profitable quickly enough. That is roughly 15-20% of the wells drilled thus far, and obviously that will not cut it for an area or play. Thus far these are not Bakken type wells, as is pointed out.

There have been some fairly forward and positive statements released in conference calls and in earnings calls. None guaranteeing assured positive results. But lots of optimism nonetheless. And the previous has been done by not one or two, but now by about four decent, or at least decently perceived, companies.

While the tone to investors has been of guarded optimism, it has been an optimistic tone. That leads me to believe that those running these companies believe they have some decent odds , and maybe they are wrong, that they can make the TMS commercially viable.

I hope it does because it would be a very good thing for that area of LA/MS.