TSXV:ART.H - Post by User
Comment by
MiningMonsteron Aug 25, 2011 9:51am
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Post# 18978058
RE: fron niko
RE: fron nikoalso from niko:
"Spending in Kurdistan relates to drilling and testing the Company's first well on the Qara Dagh block. The well has been drilled to a depth of 3,908 metres, log evaluated and flowed marginal light oil in multiple zones between 3,200 and total depth. The Company plans to deepen the well to target the main prospective zones within the Cretaceous."
They confirmed that there are light oil showings and they have yet to reach the original intended zone of pay. This discovery has huge potential and investors have cast it off as zero in the share price of VST. IMO this is a time to BUY with free upside, not sell with all potential downside priced in.