TSXV:ART.H - Post by User
Comment by
Atonon Oct 09, 2011 12:57pm
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Post# 19133431
RE: RE: VAST 99% probability of success
RE: RE: VAST 99% probability of successmaysteeler, I don´t think there is any of the other krg-oil drillers that hit jackpot on the first drill. And like in all the other KRG-blocks it´s a divine amount of oil down there, 2 billion OIP is probable a low estimate for this vast block. If you take a glance at DNO they had the same difficulty with the flowrate in one hole, and they did the first horizontal drilling to solve this, it´s now a producer of 2000 bpd.
8 million is a joke for 37% of a large KRG-block, I have accumulated to 595.000 shares. I think the chinese is ready to buy VAST for 80 million without hesitation.