I wouldn't look for any results to be announced from this well. HG Energy is a private company why would they release production numbers to increase lease values of adjacent property? Don't look for any results from this well anytime soon.
Timmy, I am not sure if it is the case in Ohio, but I believe the SEC was going to make all companies, including the privates, release production results. This was the case in PA I believe.
That would be for 2011 production. By the time they finish the well and get it fracked they may not have any 2011 production. Then we will have to wait another year. So...we might be in limbo for awhile.
Everyone in the 25000 acres will be getting checks within 4 months of the well going on line so it will be easy enough to figure out the production. They also need to drill 10 wells in 2012 to keep the lease's active so I'm going to watch how fast the start pulling permits after this well is fracked.
Not sure of the truth to this or not, but I have heard they lost this hole after they TD'd and are repermitting...has anyone else heard the same?