re: quarterly report out Thats my thoughts aswell oracle, Nexus and Apache are still in discussions.
As long as discussions are contuining its a plus, then we also have nexus now marketing the permit to other internationals which will only apply pressure on apache to take up more of the permits.
If Geos ir correct then we must be getting an announcement within days on the start of the drilling program as they will be starting the drill wednesday next week.
Also looks as though grayling will be drilled straight after longtom.
Anyone else have any price prediction on what NXS will be worth if they are succesful on these 2 wells ....The drilling program will target the Longtom gas appraisal opportunity (with mean reserves calculated
by Nexus of 270 Bcf) and the Grayling prospect (with mean oil potential calculated by Nexus of 104
mmbbls). Both Longtom and Grayling are defined on 3-D seismic.
What do most oilers think would be a correct(rough) valuation if NXS were to get 104 mmbbls and 270bcf??
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re: quarterly report out Thats my thoughts aswell oracle, Nexus...
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