Exploration Aurtois Inc. EXTSF

EXA on the move!

[Tokato]

Traded at $1.95. Trend is definitely up. Love to see it break $2.00 barrier soon. Got good momentum now. Its one of the cheapest juniors out there at EV of $35,000/BOEs/d. Most juniors (many of which are out of favour) are in the $45,000 BOEs/d range. EXA should be $2.50 today just to be in-l;ine with its peers. But EXA has better outlook than average. They drilled some blockbuster wells. Unfortunately, they can only put these new Wabumum wells on production at 25%-35% of what they are capable of as they are new pools subject to GPP. The flip side is that EXA's production base is now rock solid with little risk of unexpected declines. Love to see $2.50 by the end of this month!