Announcement just out on Motherlode 3
4 low risk wells to be drilled early 08 targeting estimated reserves of in excess 1,000,000 boe.
That adds up 2 some pretty serious $$$
I think the key here is low risk - high payoff
with the level of sucess that these guys have drilling this should add hansomely to Co position in both reserves and cash IMO
more good news
advance to drill 1m boe target
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