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Peak Discovery Capital Ltd V.PEC


Primary Symbol: V.PEC.H Alternate Symbol(s):  HNWEF

Peak Discovery Capital Ltd. is a Canada-based shell company. The Company is focused on identifying and evaluating assets or businesses for future merger and acquisition.


TSXV:PEC.H - Post by User

Post by Uberlandiaon Oct 19, 2012 12:27pm
270 Views
Post# 20503274

portuguese article

portuguese article

I found an brief article in one of Portugal's leading daily newspapers called Correio da Manha. It is dated October 15. Below is a basic google translation and the weblink to the original in portuguese. According to this, the target depth should be reached by the 24th. They also quote Ash but whether this is a direct quote or not is hard to say.

commercial potential

Salt slows natural gas in Alcobaça
Porto Energy disclosed that a salt layer thicker than expected has led to the exploration of natural gas being held in Alcobaça proceed to the depth of 3300 meters, then the detected frame salt to 2932 meters.
The new goal would be until the 24th of this month and increases the expectation of investors. A section of salt increases uncertainty but at the same time encouraging an element that can represent gas reserves greater than 5-6 billion cubic meters estimated in March 2011.
Joseph Ash, President of Porto Energy, said: "The survey held in Alcobaça shows elevated gas readings, with a potential for commercial exploitation."

https://www.cmjornal.xl.pt/detalhe/noticias/nacional/sociedade/sal-atrasa-gas-natural-em-alcobaca#

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