GREY:ENGFF - Post by User
Comment by
shleevoon Aug 02, 2008 5:08pm
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Post# 15354624
RE: ENG shareholder meeting AUG 21
RE: ENG shareholder meeting AUG 21I will be attending Steadfast, that's of course if I'm still a shareholder by then....
I'm still positive but not that positive about a Light Sweet Crude deposit.... Just based on all the rumours, I think we have at best a Gas Condensate deposit maybe similiar to what Oilexco undcovered in their Moth field. I also think that if we do have a commercial deposit (which I believe we do), more drilling will be required to essay/confirm the size, so those are the types of questions and information I will want to find out at that meeting.
Again, this is just my opinion based on all the rumours thus far as this is a tight hole, for all I know, they could be sitting on a half billion of crude. Tight hole is used very loosely in this industry. Even CQV had a tight hole status yet they issued news releases thoughout the drilling.
This is the tightest I've seen to date. There's no doubt in my mind the rig would be long gone if this was dry and the SP would be trading below 80 cents.... The people in the know holding are just waiting for confirmation on the loggin results.
GTLA