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what do you think of the PE drills recently?

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grayza84

792 Posts.

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29/11/22

00:39

Post #: 65037709
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Originally posted by Minim Cove: ↑

Hi Max, I agree with your comment about the managements failure, however disagree strongly about the one half failed drill hole. I scored the drilling program 3.5 out of 6. If they repeated that process and outcome time and time again the company would still go broke even at $100 a barrel. Their drilling performance was far poorer when looking at most parameters when comparing Encanna's 2013/15 drilling performances despite having so much more data and technological advances at their access.
The oil production they achieved after spending $80 million dollars has been poor. IMO despite managements positive spin the facts are they have effectively proven that the concept to date does not economically work. This is why it is difficult for them to secure support to have another crack at proving the concept.

Let's get serious about analysing this stock guys.

Are people interesting in any more facts or perhaps in support of the companies price it best not spoken about!

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what do you think of the PE drills recently?

ATS Price at posting: 3.6¢ Sentiment: Buy Disclosure: Held
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Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $12.86M

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Price($)	Vol.	No.
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Price($)	Vol.	No.
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