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Stream Oil & Gas Ltd SOGAF



GREY:SOGAF - Post by User

Comment by newtoboard.on May 07, 2012 4:08pm
190 Views
Post# 19881433

RE: RE: RE: Devlina is worth 3X EV

RE: RE: RE: Devlina is worth 3X EV

Thanks for the response.  I'll have to review it in greater detail later.  A couple comments for now:

 

a) I think we're both on the same page regarding intervention as the primary driver for near/medium term value.

 

b) Good thoughts RE fractured carbonates, will be a much better candidate for some form of gravity drainage than a downdip/viscous drive.  (Typically pricey unless there is free waste gas)

 

c) The 51-101 is great; although, I had a bit of difficulty picking out timelines at first read.  Good to hear that the intervention opportunities are still here.  Probably best if I give mgmt a call when I have a few minutes to get their thoughts on a few more topics. 

 

Overall an interesting company with great ROIs, large reserves, and suprisingly good operating netbacks ($45 for Q4 and likely improving)

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