GREY:ENGFF - Post by User
Post by
Tinmannon Aug 02, 2008 2:23pm
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Post# 15354458
I'm amazed none of you appear to be following Nort
I'm amazed none of you appear to be following NortClearly if you're watching the ENG story, you have an appetite for risk... I'm amazed that no one on this board appears to be following BUK.V (50% interest) or LE.V (25% interest) -- both of whom are drilling a 500+ mmbbl (recoverable) target in the North Sea right now.
There's a presentation on both the Lariat Energy and Bridge Resources Corp websites that detail the prospect (the LE.V presentation is more detailed, while the BUK presentation gives an overview of the rest of BUK's assets as well).
Have a look folks and do what ENG shareholders do best... dare to dream!
It's worth noting that BUK will have 6,000 boepd of production onstream in October which means there's a healthy value backstop of on the stock easily equivalent to where the stock is trading today.
The North Piper well is current drilling. Results are expected within 2-3 weeks max. TD of the well is only ~8000 ft.