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Border Petroleum Ltd BOPFF

Border's new growth strategy is to target oil and gas assets that are characterized by reservoirs with proven reserves with low recovery factor to date. These assets allow for low risk development opportunities to increase production, cash flow and add reserve value. Border's corporate strategy will in return increase shareholder value and help build a strong stable cash flow and balance sheet.


GREY:BOPFF - Post by User

Bullboard Posts
Comment by lockstock99on Jul 17, 2012 8:17am
497 Views
Post# 20120505

RE: Initial Slave Point Well Results.,..Press rele

RE: Initial Slave Point Well Results.,..Press rele

Interested in others reactions ?Slope. I guess we will see how the market reacts and if people really were hoping they would exceed PRY results. If you look at the recent PRY presentation their NPVs are calculated using $100 canadian oil and that probably is not realistic conservative assumption- things dont look so bright at $80 and less oil. I also am surprised they didn't seperately discuss the results from the 2 wells instead of lumping them together since they were drilled many weeks apart. They must also know the IP60 results from at least one of the wells but are not disclosing them. I guess Lethbridge project is not going to get drilled. So all in all- what do you think?

Bullboard Posts