nice strengthMonday-- hummm market telling us that COST2 is a high flow hit?
drafted this Sunday:
Well nice stock progress but expected
If you have followed this thread you would know:
Cost1 hit last May/June with test about 5500? bod 50/50 to GTRE/SOR
Play then would be to drill multiple wells into the pool
( I would say Cost are the most important wells/field for both companies )
I think GTRE/SOR ran more 3D seismic to choose best cost2 stepout
and had trouble getting Pride 17 rig so GTRE had to sit with their
fingers up their butt till Dec.
Nws Release said Cost 2 spudded Dec 06 with a 32 day schedule
SOR didn't discuss Cost2 schedule (compared to other wells) as GTRE was operator.
Although the delay can be set against the schedule for a pipeline extension
for startup in June ( to give full production capability )
So it is high odds that Cost 2 hits the now known high flowing pool.
And Cost 3 drilling to start right after Cost2
COST2 should be at depth (Jan 10? ) and so ready to log line/case and then flow test
-IF they have any drilling problems with 2 I'm sure they''ll bend and sidetrack it
but we should be past that point ( ie near final depth )
So we could/should have 3 top wells completed for high cash flow by July
Schachter has recommended this stock numerous times over the last 6 mo
Tristone and others have given us targets in 3 to 4 range.
a bit more leverage with GTRE and I have waited for the tsx listing, to save
on outrageous currency fees to US$
Too bad management dragged their feet there too as GTRE now moving up
Glad theDave showed up with a WHY?
Answer:
Making useless daily posts on numerous stocks keeps you from spending time doing
some real research
( You might have bought some SOR under say 1.65) - - 1.40 and 86 for me.
I have to keep reviewing SOR and PSE( gas) as I own both and they have very
similar operations and success.
Hard to keep all the wells straight ( sorted out )
I guess 3.60 to 4.00 by July
Could we get a COST4 and drill it in June/July ?
( although there is a rainy season break in parts of Colombia in certain months)
COOL ! another winner CHQ (SNG) hits gas too !
Good Investing
U