CVN 0.00% 17.0¢ carnarvon energy limited

I copied this comment from a Canadian board discussing POE. I...

  1. 51 Posts.
    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.



 
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