GREY:ROAOF - Post by User
Comment by
grommeton Jul 29, 2004 10:32am
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Post# 7758217
RE: todays OIL update from CC
RE: todays OIL update from CCThe Spec Buy that everyone is referring to is just a teezer.
Here's a bit from Canaccord's " Morning Coffee" email from today:
Oilexco (OIL : TSX-V : $2.65)
Net Change: -0.16, % Change: -5.69%, Volume: 1,372,200
Hello! My name is Brenda. What's yours? Oilexco's 15/25b-10 appraisal of
its "Brenda" discovery in the U.K. central North Sea tested 3,351 bopd of
40 API crude from the Paleocene Forties sand. The rig will shortly move off
location to be utilised by another operator. Oilexco plans to exercise its
option with Transocean (RIG) for a new rig to drill at least two, and most
likely three further appraisal wells on Brenda. Drilling is expected to
recommence in September. The company is pursuing approval for its
application to become the license holder of the adjacent "fallow" block
15/25e to the west of 15/25b. Oilexco anticipates approval for this award
shortly.