This stock is down now. How do You see share price of this year? I am seaching interesting energy stocks. At the moment very pleased with Otto energy in my portfolio and some canadian energy stocks as pennant enrgy and petrolympic. Some of them explosive stuff.
Good luck.
5 (five) wells that lost money while in operation! No drilling and bank interest would have been more profitable. They don't have enough participation interest in the wells when the pizzly flow rates are divided up.The company has recently sold off their mediocre production wells and raised a bit of capital to focus on their next drilling target, Wilcox. They have one small gas well about to come online to provide a bit of revenue.
No they are not drilling in the next few days. One of the aspects of BUR is delaying drilling due to a different reason every time.Wilcox drilling starts in the next few days (3 wells back to back) with seismic testing pointing towards a potential resource of 114+ bcf of gas and 2,710 mb oil. There is the potential for some serious price gains here in the next couple of months if the company realises these potential resources.
Show us an Appendix 5B that states a profit with ALL or ANY 5 (five) Austin Chalk and Yegua gas and condensate wells on line! They have an "exploration and evaluation" payments line that is very hungry. (see buddies AKG)Potential Revenue from first 3 wilcox wells:
9000mcf/d * $3.80 * 30% (Working Interest) * 365 days = $3,744,900 p.a.
600bopd * $80 * 30% (Working Interest) * 365 Days = $5,256,000 p.a.
Yes if you can out do the other punter but remember who is getting the rub out of this.Good for a punt.irate:
i think they should do very well, they have already proven
that the 3d's are spot on.
yep the options are very cheap at the moment worth a punt i would say !
cheers
Blatant ramp. click The options expire in August and have an exercise price of 25c. I recommend you take your punting advice and, and, and buy more yourself.
i think they should do very well, they have already proven
that the 3d's are spot on.
yep the options are very cheap at the moment worth a punt i would say !
cheers
I bought 100,000 options on September 27 2007 at 8 cents with plenty of time for the options to be exercised. I also purchased more options at lower prices with time on my side. To my annoyance the company continued to delay progress on the new territory due to seismic interpretation and were also talking of selling their original 5 well assets. The options remained suppressed and time decayed until I came to the decision in January 4 this year to sell the original parcel at .009 cents. Their original 5 wells were running at a loss because of the small percentage holdings they had and flow rate depletion to a pizzle.and i already have plenty of option, had them the for over two years.
cheers
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