CVN - steady low cost producer adding reserves through development. Cash in bank, good revenue. Undervalued.
NZO - cashed up, new steady production, on the hunt for good deals. Undervalued.
NDO - waiting on deal, overdue, which will provide muscle to run incredible exploration program. Cash and operatorship in hand. Some intermittant revenue through start-up Galoc oilfield. Way undervalued.
ADX - high risk high reward. Facinating permits offshore Italy/Tunisia. Discoveries in permit. Proven mgmt. Short on cash and looking for deals to forward huge exploration program.
KIK - Med risk. Good leverage into NDO's SC54 with Gindara prospect to be drilled Q3, 900+ MMbbl resource. Waiting on farmout deal piggy backed on NDO's farmout. Cash poor but comittments covered.
CBM projects seem do be doing well PES rising 500% during Nov/Dec on takover talks. I don't know enough about these plays yet.
Regards,
Oil Patch Trash
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