That was Greg Wright......?Right at the end of the interview...."That was Gregg Wright...."?
Anyway for watch they are worth,
here are my notes/thoughts on listening to the interview.
Obviously I could be wrong, made errors, so not to be taken as fact.
I would have liked to hear a little more word on how THAI is going.
However, the CEO did make reference to Petrobank being able to quickly"revitalise" the oil industry around Lloydminster by being able torecover oil that was previously not recoverable.
He makes reference to the fact that only 10% of the recoverable oil has yet been recovered from the Lloydminster workings .
Could this indicate soon to be released news regarding THAI?. IMHO it may.
In Saskatchewan a total of 650 wells drilled by year end, including joint venture wells with partners.
Oil last from Saskatchewan increased to 12000 BOD currently.
300-400 Million dollar investment to be made in Saskatchewan.
15-20 year lifetime for area.
Regarding Petrobank share price and potential for price movement:
John Wright indicated that the May release of Q1 2008 figures would indicate continued growth.
"Everything in alignment".
All in all and encouraging story IMHO.
Glad to see a decent share price rise over the day.
Lets hope it continues.
Regards
Aris.