GREY:BNKPF - Post by User
Post by
flyingdutctmnon Jul 14, 2008 12:30pm
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Post# 15289982
roll over
roll overSelling providing strong pressure wonder where it will settle out.I guess its the small holders and those that are more interested in the Albanian oil play.
The US interests are located in shale deposits with 75% working interest.These prospects are located in Oklahoma, Texas, New York and Mississippi/Alabama, to combine for an acreage of approximately 400,000 acres.
Bankers is currently working on a $45 million development plan in the Ardmore basin in Oklahoma with plans to drill, complete and tie in 30 wells for the Tishomingo gas field project for 2008. At the moment, Bankers is drilling three horizontal wells and has completed a 115 square mile 3D seismic program. The potential in the Tishomingo project acreage is approximately 3.5–5.6 Tcfe net OGIP.
BMO-NesbittBurns has good coverage and rate the albanian side outperform with approx $4 target but do not cover the US side-pity