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Voyageur Secures First International Sales Contract worth US$1.9 Million (click to learn more)
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Bullboard - Stock Discussion Forum Primera Energy Resources Ltd V.PTT

Bullboard (TSXV:PTT)

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Comment by cddon Feb 15, 2011 5:04pm

RE: News

At 16.2% that's 218bpd for them. 2010 exit production was in the 250-300 range IIRC so that's a pretty nice add for them.
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Discussion
Post by dano12on Feb 15, 2011 4:30pm

News

Well Boys, news looks great.Over 1345 BOE/D at stablized rate.Tomorrow should be a doozy, and still have firecrown  to test. I'm holding on for the ride
338
Comment by geodude13on Feb 12, 2011 1:38pm

RE: RE: RE: Wow! up 38% Must be news coming

Cookster9, do you mean taking out just the PXT partnered wells or all the assets of PTT?  Did you look at what other properties the Primera folks are into; pretty tired fields although there ...more  
337
Discussion
Comment by CalifDreamingon Feb 12, 2011 12:08pm

RE: RE: RE: Wow! up 38% Must be news coming

PXT is a logical candidate to take out PTT.  But absent drill results, I doubt any sane PTT share holder would go for such a deal absent a really stunning premium.  What PXT share holder ...more  
320
Discussion
Comment by CalifDreamingon Feb 12, 2011 2:50am

RE: RE: Wow! up 38% Must be news coming

While Trinidad is significantly more important to PTT than it is PXT on a relative basis, gotta think that Trinidad success would also drive PXT up nicely as well.  Unless/until we see a ...more  
306
Discussion
Comment by luberonon Feb 11, 2011 11:23pm

RE: Wow! up 38% Must be news coming

Hmmm-m-m, no corresponding pop over at PXT ...
231
Discussion
Comment by Riotacton Feb 10, 2011 1:12pm

RE: News??

I'm gonna crack a good bottle of Trinidad Rum (Angostura 1919) when the news comes.Hopefully the news is coming  within a week and, hopefully,  a joint release by Parex and Primera.
241
Discussion
Comment by dano12on Feb 07, 2011 1:38pm

News??

Hey Cookster,Is that a question or a statement.It has been a while since they've started testing so they should be close to some results. I have heard there has been some minor problems with the ...more  
270
Discussion
Comment by geodude13on Jan 27, 2011 1:39pm

RE: RE: Reading the PXT presentation

I've seen a continuum of opinions as to what is or isn't material.  Arguably the shareholders benefit with more frequent positive news releases.  Hopefully PTT and PXT agree.As for ...more  
291
Discussion
Comment by CalifDreamingon Jan 27, 2011 12:35pm

RE: Reading the PXT presentation

They'll release info ASAP on Snowcap if it is a success - they have to release material information contemporaneously.  Firecrown - looks like we'll be lucky to get news mid Q2.The ...more  
331
Discussion
Post by geodude13on Jan 27, 2011 12:24am

Reading the PXT presentation

Based on the January 18 2011 Parex presentation it could be a while until the Trinidad testing of Firecrown and Snowball are complete.  At least there are appraisal wells scheduled which ...more  
472
Post by geodude13on Jan 19, 2011 8:48pm

Thanks Dano12

THanks Dano.  YOur absolutely right.  The PXT farm-in cost them the first two wells to earn 50%.  Based on the presentation the 5% carry would apply to subsequent wells.Regards,
389
Post by geodude13on Jan 19, 2011 8:42pm

Half a brain working

I remembered it was from the January 2011 corporate presentation; page 11. Instead of summarizing the slide go to the link and review page 11. It's spelled out pretty clearly. https://www ...more  
273
Comment by dano12on Jan 19, 2011 8:40pm

RE: RE: PTT is starting to make a nice move !

My re-collection is PXT farmed-in, paid 100% costs to earn 50% WI.They are the operator as they probably have a larger staff to direct the drilling and completion of the well.PXT has considerable ...more  
208
Discussion
Comment by geodude13on Jan 19, 2011 8:28pm

RE: PTT is starting to make a nice move !

I thought that the PTT website stated that it was PXT that farmed-in on PTT land and that PXT was Operator.  By default PTT would be partner.  I'll need to have another read of the old ...more  
244
Discussion
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