Question-and-Answer Session
Operator
Your first question comes from the line of Mr. David Adams with Jefferies and Co.
David Adams – Jefferies & Co
Hi guys, a couple of modeling questions here. How many work-overs do you expect to complete in HackBerry, or I mean West Cote over the course of 2008?
James Palm
In Hackberry we currently have four recompletions scheduled. West Cote, 44.
David Adams – Jefferies & Co
Forty-four okay. The wells that you are planning on drilling at West Cote and Hackberry in the second half of the year, are those primarily puds, or would they be more low risk, exploration in nature.
James Palm
Well we really haven’t decided at--
John Kilgallon
West Cote yet. We won’t start drilling there until July. It will probably be a typical mix of puds and exploration.
David Adams – Jefferies & Co
That’s all I had. Thanks guys.
Operator
Your next question comes from the line of Mr. Robert Lynd with Simmons and Company International.
Robert Lynd - Simmons & Company International
Hey guys just wanted to dig a little deeper at West Cote. Jim, you mentioned that you’re acceleration kind of got you guys into some problems. Can you help us out with a little more detail, on what you found out or what the problems were?
James Palm
Well I think the main thing is we have been at too big a pace for our staff to keep up with it. It’s really a complex field as you know, has lots of oil in place, still has lots of oil in place, we just didn’t get the results this year that we’ve gotten in previous years, so wit the capital constraints that we’ve got we’re going to drill everything that we can, but it will be a reduced pace and that will give us time for our staff to catch up a little bit.
Robert Lynd - Simmons & Company International
So, the temporary halt in drilling now is just to steady, rest up now and then hit it in July or June?
James Palm
It’s primarily a capital allocations thing. We’ve got so much cash that we think will be available for cash flow, we’re going to drill within that. Permian is our best place to put meaningful capital to work this year so we’re going there first. Then you take out Grizzly and Bakken and we’re taking everything else we have and putting it in South Louisiana. First place we’re going to go is land locations, over at Hackberry where we have had some success.
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