RE:RE:RE:RE:I particularly like this part of the reportI'm looking forward to L53A-North. The target is on trend and very close to the U Thong Field which has already produced 4.5M BBL. Management at POE called it the "best prospect they ever saw in Thailand". The A North propects (6) have an areal extent of 9.76km2 compared to our existing producing area of 1.41km2. IF they hit oil there I think it wll add $4 dollars to POE's price. Based on their release today it should be completed by the week of Oct 6th.
I think the Canada has a good chance to succeed. We know the oil is there its just a question of economics. The SAGD technology is heavily used and very understood in Canada so the prospects are high. A real big French oil firm recently bought into the property... good sign!
September should be fun!