TSXV:CEN.H - Post by User
Comment by
Resilienceon Jul 17, 2010 8:49am
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Post# 17276631
RE: more DD on CEN - check production potential
RE: more DD on CEN - check production potentialThey drilled 3.000 bopd with 3 holes in their current Bua Buan area, with 7 holes still to drill until September. All development drilling.
It's very likely we will see 16.000-18.000 bopd and that's excluding their gas (which would make total production around 20.000 boepd).
Also they found an additional bigger than expected oil column in their latest drilling AND a totally new prospective horizon a lot higher up in the structure.
Finally they have a huge amount of exploration targets.
In my view this is the biggest chance on the next medium sized Oil company you're likely to find.
R.