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1.8¢ provaris energy ltd

Ann: TTE Second Drilling Success At Allen Dome, page-29

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Toxxxic

2,796 Posts.

03/06/15

13:41

Post #: 15404559
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Originally posted by tui ↑

Don't get too excited. Some of these early salt dome flows seem to disappear quite quickly. Against that, if you get on to a good one they can be steady.,,,,and sometimes prolific.

We need confirmation of stable oil flows. Just wait a while until the results come in. Brad sent me a couple of photos of Texas. The place is under water, yet they struggle on. I can feel his energy. Very confident.

I got fooled the first time. High oil flows just disappeared. That's why I say wait until they have sustainable production before investing.

DYOR. They have a good team on board. And that is pretty special considering the oil doom in Texas.

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Big news over here regarding most of the south being under water, meanwhile here in California we're in the midst of a terrible drought...!

May explain some of the SP weakness but looks like we're sitting pretty around support levels at the moment. Wait and see mode. TTE has a habit of going 2-3 months in between moves so may stay like this for a little while longer yet. Happy to hold.

Last edited by Toxxxic: 03/06/15

GEV Price at posting: 3.2¢ Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

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