Primera Energy Resources Ltd V.PTT

PTT is starting to make a nice move !

[Riotact]

TD really wants some stock badly and are moving the stock up.
 
PTT is thinly traded and the drilling results may be delayed a week or two but
if you want the stock before the results , you got to pay the price.

By the way, after the results are released , Parex has stated on their website that they
will be drilling another 2 wells in Moruga....... I wonder who their joint venture partner will be ?
Just might be PTT !

[dano12]

If these wells turn out to be good producers maybe PXT would just take out all of PTT for a handsome premium.Why would PXT want us in the way when they could just get us out of the way.Just thinking out loud.

[geodude13]

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 PTT news releases to be sure.  If my memory is right, the costs are incurred by PXT and PTT had a free ride for a while; I think to some sort of $ cap.  I just don't recall what the land

[dano12]

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 volume today hopefully some good test results as they have been on the well for over a month.