re: Haynesville Shale

I have a little bit of knowledge as to what is going on as well, and for one, things are tight up there right now. I was talking to Devon last week about their activity, and its like pulling teeth. There is also a lot of false information floating around. A lot of companies are making releases and creating rumors about other companies and watching there stock rise as a result. What I do know is that there is no question the play will work, the question is going to be identifying the limits of the economic production. This is why I do not see the justification for the high lease prices. The boundaries are not yet defined, and people are paying a lot of money for crap acreage.