GREY:CUDBF - Post by User
Post by
stockeditoron Oct 22, 2014 9:27pm
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Post# 23052864
So, I have been snooping around and picked up
So, I have been snooping around and picked up
some information that I thought you would like to hear. I am going to keep it simple and to the point. It appears that it is true that POP is surrounded by successful oil plays. The current plan is to drill on J5 in new areas in order to document a further discovery and directly affect in a significant way the current 51-101 reserve position upwards. The chances of this happening is very good, with new wells in both the south and the northern portions of J5. The drill on J4 will be done in order to get a new oil find, and record new reserves for this parcel. I am not an expert on all of this, but I expect that the pro's on this board will be able to fill in the details. All of this will be happening before October 31. Given that all happens as expected, it may trigger the Korean JV financing, if it does then we are once again going to see a steep price rise. With expected results POP will be able to tap the NA market for any ne equity needs.