I saw this on another board.
It takes about 15 to 30 days to drill a horizontal well, 30 days to fracture stimulate, and 30 days to drain the frac liquid (approximately 75 to 90 days in total).
So if they ordered the equipment, said it would take 30 days to arrive, they should be drilling now, which would mean maybe another 3 months. Does this sound right? It could help explain why the sp is bottomed out. 3 months is a long time to sit on dead money. Of course, I've been sitting on dead money here for over 18 months now. The happiest day I will have had in a couple of years is when I finally am able to dump this procrasticating pos company. The whole experience has left me disgusted.