GREY:SCSZF - Post by User
Comment by
templetoothon Mar 03, 2011 4:46pm
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Post# 18227942
RE: Oiljack - on another Board
RE: Oiljack - on another BoardTo state the obvious, if you take the half-way point on Paradigm's numbers of $1.09 and $5.44 you get around $2.75.
And of course those numbers are based on only two wells per section. On the other hand, I think OJ said elsewhere that the Beaverhill formation thinned as you went south and that the thickness on SCS lands was more like 5 meters compared to 15 on Arcan's.
Anyway, as I said before, we will have a pretty good idea of the BH potential within a year as the 13 farm-in wells are drilled at a cost to SCS of around $6-7 million. At today's price, you can build a pretty good case that you're paying for decent but not spectacular success in the Beaverhill, and getting Pekisko as a free option.
Please buy the crap out of this stock as I need to finance retirement. Thank you