gungho, Coastal energy(cenjf.pk/cen.v) is my third largest holding, its profitable and has tremendous holdings in the gulf of Thailand(oilsand and shale payzones) and onshore shale. cenjf is in the process of a large offshore developement and exploration program along with expanding their onshore reserves.. this stock trades in the US and Canada and well-worth doing DD and then buying...
Cen`s offshore holdings have two 400-1000ft thick oilsands with a 300ft thick oil rich shale layer between them.. CEN owns 100% of 120k acres with these characteristics for the next 18 years.. starting mid-year they expect to begin drilling this 300ft offshore shale from structure pads that will contain six horizontal wells each..
As always do your DD, but after listening to this presentation below you will be hopping planes to buy into this..I expect this to triple in price this year from its $7.00 level now.. just listen to this:http://www.youtube.com/watch?v=L34Z4f0IuQU
glty and all.
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