Best Bets for the PEL 115 Group based on Friday 13th closing...

Best Bets for the PEL 115 Group based on Friday 13th closing prices.

According to VPE’s drilling schedule over the coming few months through to July’06 for the PEL 104/111/115 Cooper Basin Group (ITC, RPM and VPE) there are several wells to be drilled as follows.

PEL 104 Wirraway 16mbo, Wirraway West 8mbo
PEL 111 Ascender 9mbo, Catalina 56bcf
PEL 115 Mirage 2/3/4 9mbo, Skyhawk 23mbo, Tomcat 16mbo

I have totalled the above into a potential prospect average oil pool of 30mbo, subject to debate and change.

JV Prospects 30mbo
JV Stocks: ITC, RPM, VPE

Best Bets: ITC, RPM, VPE
Mean Gains%: 860, 550, 300
Top Pick: ITC

Note: The above values are forecast ratings for a successful series of strikes only, and are independent from the downside ratings or any other project(s) the JV stocks are involved in.

Good luck and happy punting,
Mensa.