I'm not a fan of the MAD comparisons, I think it conjures unreal expectations. Allen Dome is said to be geologically similar to other producing domes and it's situated in an area that historically is a prolific producer of oil. That's its potential and it's positive, it doesn't need references to MAD. IF you buy based on that alone, then let's face it, you get what you get.
It's worth remembering this announcement from 6 March 2012;
"At Allen Dome, Titan Energy’s partner, SOG has compiled a large database of historic drilling and production activity in the southern sector and its initial assessment indicates a target of 1 million barrels of oil to be recovered above 6,000 feet, with the potential to increase that significantly if more under-drilled or undrilled flanks are proven to be productive around the dome."
GEV Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
