TSXV:VER.H - Post by User
Post by
prospect_93on Nov 19, 2010 6:51pm
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Post# 17732666
Another finding
Another findingWith further investigation into the Vecta landholdings, it turns out some of the land "under"laps Quicksilver's. That is, VER owns the rights below the ones that KWK are holding because of uphole production. I can see a joint venture developing at some point in the future.
As well, some of the lands are proximal to the Kevin-Sunburst dome which is basically a bulge that formed underneath all the rock. As this pushed upwards, long after the Bakken deposition, it very likely created natural fractures in the rock that will make it much easier for the oil to flow. This phenominen is less pronounced heading out Rosetta's way to the west.
So now we are structurally higher than Rosetta and likely have some large fracture networks. Oil also migrates up-dip and this bulge is the highpoint in the area.
If we should get out based on being overbought then I guess we should have sold at 0.03 based on the RSI indicator.
