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.
ITC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
