TSXV:CEN.H - Post by User
Comment by
CalifDreamingon Jan 10, 2011 2:15pm
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Post# 17949375
RE: More good news....
RE: More good news....They are more than "slowly" building their reserves - this small low cost drill campaign at Song effectively doubled offshore reserves adding ~94MM bbls OOIP - assuming 30-40% recoveries, thats ~28-38MM bbls 2P or $560-$760MM in after tax NPV10. Compare to current $781MM NPV10 after tax...
And while there are plenty of additional Songkhla targets, they will soon be back at Bua Ban targeting up to ~250MM bbls potential recoverable in the next 6 months...
Current share price is a joke.