EMR 2.09% $3.74 emerald resources nl

Ann: Drilling commenced on Williston Basin Bakken, page-9

  1. 2,948 Posts.
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    re: Ann: Drilling commenced on Williston Basi... I'm still here guys, just waiting for the inevitable re-rate :)

    Good to see them participating in a well with a US major, albeit a small %WI but all goes a long way in gaining investor confidence. Cant wait for next year when they expect to be running a full time rig, that should significantly grow production and we could end the year (CY 2013) around ~1000 bopd, if they can manage that $150 Million acquisition things could get very exciting. Not to mention the niobarra potential that should start to heat up from July on wards.

    One of the best risk/reward plays i can find in the ASX oilers at the moment.
 
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