GREY:ENGFF - Post by User
Comment by
steadfaston Apr 04, 2011 2:43pm
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Post# 18382823
RE: RE: We need a close above $1.12
RE: RE: We need a close above $1.12I just re read the Feb 2nd NR. What can we expect?
Lotshi - by the second Quarter, which started 4 days ago, so I expected a NR before 2nd Qtr
1. Interpretation & Integration of Lotshi Seismic
2. The above is to yield Drillable Prospects, should learn about prospects
3. To learn the availability of a Drilling Rig & who ENG hired as Drill Consultants for Drill Program
The answers to these 3 questions might take us above the Resistance, but I do not know if that would
be enough substance to keep us onward and upwards. I think a firm Drill Date would be very helpful,
not just late summer. Certainly once a drill date was given in 2008 for 1711 that took the stock to $4,
but we also had a Resource Estimate. However, I guess we know from past history that 350M is possible.
In my mind I have 500M, as Jeff refers to a giant field as 500M.
We need:
1. Results of 1711, that are to be ready in 2nd Qtr, which started 4 days ago, but we could still have
87 more days to wait.
2. A Resource Estimate of Lotshi could be bullish. As there has been no mention of this, I think the
best would be a NR advising a Firm has been hired and a date for receipt.
I think a NR of either of those 2 items could get some momentum going.
The positive is the fact no one from the PP is selling, in fact no one is selling.
When we get some really good news, there will be no time to get in.