GREY:GULSF - Post by User
Post by
crackiedogon Mar 16, 2007 4:50pm
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Post# 12434059
Pescod March 16
Pescod March 16Posted on $ART board:
From Pescod today-----
From time to time we do take a look at what we think are the
biggest and hopefully the most exciting high-risk/high-reward
plays we can find anywhere in the world!
Climbing up that list of significant plays has been Corridor Resources
over the last while, but as far as the “Exploration Play” for
this year we are sticking with the Oilexco/International Frontier (and
another company that we can not talk about because they are in
restriction) play in the Laurel Valley in the North Sea.
Here it is March 16th, when they were suppose to be spudded
and still no sign that we’re anywhere close to that big event.
There has been delays, as people have found out the hard way—
there is a significant shortage of rigs that can operate in the
North Sea and we have also discovered how much weather can in
fact postpone drilling as the North Sea is ripped with bad weather
and waves that can be four and five stories high.
Anyway when we contact IFR today, they tell us that as soon
as the rig is finished on Oilexco’s Kildare project, they expect to
spud the Laurel Valley. Despite a weaker market, we still think
that this will be an exciting play. The one benefit for tiny player
IFR is that, before they had very little to fall back on if this play
should not work out, but now they have a handful of other plays
Crackie