Post by
cdd on Mar 11, 2011 4:12pm
Firecrown drilling commenced
Hope this give the sp a kickstart,
.28 is ridonkulous.
PRIMERA ENERGY RESOURCES LTD. (TSX-V:PTT) ANNOUNCES CORY MORUGA BLOCK OPERATIONAL UPDATE
PORT OF SPAIN, TRINIDAD & TOBAGO and CALGARY, ALBERTA, Mar 11, 2011 (Marketwire via COMTEX News Network) --
Primera Energy Resources Ltd. ("Primera or the "Corporation") (TSX VENTURE:PTT) is pleased to announce that drilling operations have recommenced on the Firecrown 1 exploration well. According to the Ministry of Energy in Trinidad, the well, currently at 8,700 feet, will now be reclassified as Firecrown 1 ST1. Operations are proceeding as scheduled to deepen the well to 10,500 feet. Thereafter, all prospective intervals will be tested.
Comment by
dano12 on Mar 11, 2011 5:17pm
Yeh,Like I've said before existing shallow prod. is NPV of .35/sh so any additional production is only upside.Don't know why a new discovery sends the SP down.Hopefully Firecrown only adds prod. profile.
Comment by
cdd on Mar 11, 2011 6:48pm
Makes you wonder whether there are games being played here. Thinly traded, so easy enough to do. Wondering if a financing will be required at some point in the near future - if so it may be to someone's benefit to drive the price down in advance.