TSXV:ART.H - Post by User
Post by
rustadson Sep 07, 2009 2:23am
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Post# 16283662
VAST EXPLORATION IS SITTING ON A GUSHER
VAST EXPLORATION IS SITTING ON A GUSHERWednesday, August 12, 2009
VAST EXPLORATION(VST) is an independent oil and gas company destined for the heavens because of location, location, location!
May 6, 2008 HeritageOil (HOC) announced a major oil discovery on a block neighbouring Vast’s Qara Dagh Block. Vast Exploration and its partner Niko Resources Ltd. are currently conducting 2D seismic survey on the Qara Dagh Block. This block covers an area of approximately 846 square kilometres.
According to respected analyst Joseph Schachter, VST has some outstanding people involved in this Kurdistan play. Partner and operator Niko Resources(NKO-T) has incredible international expertise. Vast's current share price is bouncing around the mid .45 cent range making it tantalizingly cheap. What's not to like? It is a junior exploration company with extremely high risk/reward potential.
Some investors may prefer WesternZagros (WZR-X) because it's in the same area, but farther along the drilling process. Nevertheless, VST can't shake its enigmatic intrigue because it's holding hands with a major partner of extensive experience and a significant oil discovery has already been found nearby.
We believe Vast Exploration is an ezy money stock. At some point, VST will become a name people will shop for. Vast knows it and smart money knows it. This is why Vast is focused on the exploration and development of its principal asset, the Qara Dagh Block.
The Kurdistan region of Iraq has an element of political risk, but the reward potential far exceeds the risk at this point in time. It's a "strong buy recommendation" and we look forward to watching VST very closely in the coming months.