re: next update
No wonder they were slow with email. Got it late yesterday. Disappointing results in inital test but PROMISING start with second zone.
Guess we just have to wait until next week for full results.
Oversold at the moment, I think second zone commercial and don't forget the muti well Nth San Ardo (100% owned) starting this month. Over 100 bpd at test with water not steam. They want 5 wells maybe 125bpd.
Thats (125 x 7days) x 5 wells x 52 weeks by $60 barrel min = $13650000(approx on above figures). = +$13 million a year.
Oil producer second quarter 2007 and money coming in for more wells hopefully still a good risk for doubling of SP. Good luck all.
SAE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
