TSXV:ART.H - Post by User
Comment by
goldtoeon Dec 04, 2009 6:16pm
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Post# 16556256
RE: Sampson replay, from Miami pres
RE: Sampson replay, from Miami pres
Sampson is very keen on black mountain. It could well become a company maker for Niko.. if there's oil reserves there like could be there then i think 6 BB of recoverable oil from the block is a definate possibility. Obviously they will need to drill quite a few wells. I would assume that if the first well is successful to depth with 7 oil bearing sections then they would drill another well fairly close by to maximize the oil output. They could be drilling for years on black mountain and trucking oil out could be an option at some point. Vast will have a big decision if a large amount of oil is discovered (80% chance in my books).. either sell-out for a few billion dollars or keep at it for the long haul and become a major producer with Niko in Kurdistan.
Longs in Vast will do very well.. IMHO and $5 to $10 is a reasonable S/P IF they are indeed sitting on a mini Kirkuk..
all indications say that oil prices will keep increasing over the years so to have a big percentage of this kind of oil reserve would reward shareholders greatly.