TSXV:PEC.H - Post by User
Post by
FlipIT2wice-on Aug 09, 2012 11:18am
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Post# 20198443
PEC & ZEX Petro Plays Very active on VSX
PEC & ZEX Petro Plays Very active on VSX
Very Attractive Valuation for a Takover Target ! a Huge Premium to Current SP. Sitting on $22 Million in Cash - or
.06 per share.Zodiac has amassed a sizeable land position in the San Joaquin basin in California with a number of high impact oil prospects.This is an early stage resource play....Big .Accumlation @ the Bottom of the Sp Range here....Distribution occurs @ Tops Folks ! Last of the Cheap Shares have been taken up in Late July I am Thinking. Things should now get Interesting.
ZEX is ready to explode if every thing goes well just like bkx did in the area .there is a huge upside for the reservoir and future production but shareholders have to wait and see what happens ....Patience.
Interesting stock move last few Months. Considering ZEX is sititng basically below cash value indicates a few games have been played to manipulate the Sp this Low. Time for a welcomed move in the Up Direction. This Week may be a good indication of things to come ..We are Now in August.....I hope they have a J/V....that would accelearate things immensly.
well 1-10 & well 4-9 Near term J/V Prospects
a JV on these wells will likely be the nearest term JV announcement for the company
Keeping in Mind the the Companies NAV is 28 cents per share with a Large sum of cash on Hand > than the current MCap should support them well into the Future pending any announcements
The J/V process was initiated 8 months ago so I will assume something must be approaching soon judging from the Stocks recent Stock Activity ...which I interpret as a sign of a shaekout of weak hands before News.
