I copied this comment from a Canadian board discussing POE. I thought it would be of interest to this board. Especially the comment re: the well being choked back and capable of 1800 bbd.
Today on Market Call Tonight on BNN TV (http://www.bnn.ca/)) you can replay Peter Hodson's from Sprott Asset Management has, as one of his Top Picks, Pan Orient.
Highlights of his comments include:
- todays announcement effectively doubles POE's production
- well's are very low cost (~$800,000) and payback on this well is about two weeks
- L44-H is choked back and in his opinion, could produce at 1800 bbd
- 7 more wells planned in the near future in this field alone.
- they have other parcels to be drilled.
- not well followed in the market .
If you do you due diligence, I think you'll find there is huge potential upside in this play. Just wait for a few days and I bet Octagon and Wellington to name a few, will come out with revised upwards estimates.
poe is top pick
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CVN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $259.4M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 14.5¢ | $260.6K | 1.776M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 1647050 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 408931 | 6 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| CVN (ASX) Chart |