TSXV:ABG.H - Post by User
Comment by
geomeanon Jan 19, 2006 12:48pm
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Post# 10202637
RE: New Aton ABG report
RE: New Aton ABG reportI've been a buyer of CEK at these levels. It's like buying TMY in 2003 at $0.50. The oil column appears comparable to S. Alibek, i.e. 450-500 ft combined KT1+KT2. DST and prelimiminary flows from just small intervals in the the KT2 of EZ-301 are comparable to SA-1. CEK clearly have gone a long way in proving up a significant asset, and those 200MM barrels of Kaz booked reserves are being confirmed. With EZ-302 spudding 3-4 KM southwest, they obviously are going to try to get to as high a 2P as possible on E. Zhag. This also permits recharacterization of the oil pay intervals in the old Soviet wells, so 2P might jump considerably. With the work up north in its other giant field, CEK is executing on its plan to establish commercial merit in its fields asap. The next step is to rapidly sell out, and we all can ID folks who want to get more fields in Kazakhstan.