Top Bullboards post:
“They got about $10 per 2P boe for these mature reserves at volcanic oil fields in concessions L44 and L33. That was very very good indeed. POE still has its 100% owned L53 field in Thailand, which was assigned 3 million barrels of 2P reserves at Dec 31/11… The 90 day production test hit 1600 barrels per day with better productivity in the progressively deeper sandstones. The next well will drill deeper, which is expected to show even better productivity. POE was valued at about 5 times cash flow for its Q4/11 production of 1850 barrels/day. It seems obvious now why they sold the L44 and L33 fields...L53 will soon replace all of the lost production and more. The Indonesian assets also look to be highly prospective and current drilling might indeed come up with a premium discovery. POE is extremely undervalued.” From TheRock07 on the Pan Orient (TSX: V.POE, Stock Forum) board.
Top Bullboard:
Orbite Aluminae (TSX: T.ORT, Stock Forum) received the second-most reads and the third-most posts.
Top blog:
Magnum outlines why he believes China is the OPEC of copper in the "A Canary in the Coal Mine" blog.