OTCPK:ATGYF - Post by User
Comment by
Bigbadoilon Nov 21, 2006 6:37pm
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Post# 11724735
RE: Drilling to start April 2007 - Peak NR
RE: Drilling to start April 2007 - Peak NRThey are only paying 65% of the well cost.
The last Causeway well cost $20 million (gross) so the 22 mill av is not bad..
65% of 60 mill (3*20)= $39 million. Didnt they just raise $50 million approximately?? So no problem!
The Ist well up of the program is the 42 mmbbl Causeway prospect. The last untested fault block but this has four-way closure. Now 3 of the 4 fault blocks have now tested oil so that seriously de-risks this Causeway well.
Success on this next well could make this a $8 stock!!!And that doesnt count anything from the 2 Argentina Wildcats coming up or the new lands acquired in the central N. Sea.
They got the rig now and so will go at it next May. This stock has alot of upside now and soon the market will recognise this fact.
Do you own DD.
Bigbadun'