TSXV:PEC.H - Post by User
Comment by
stockguy0on Dec 17, 2011 4:22pm
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Post# 19332062
RE: RE: coffin style P&D again Read this
RE: RE: coffin style P&D again Read thisexcellent post kingfisher, especially the comment on the cash position. i was going to post the same thing.
Exciting times ahead
SG
The interest in this play (manybear) is the potential of a J/V announcement,with a big player like Sorgenia or RAG with deep pockets and invauable experience in finding and developing producing wells throughout Europe.The Porto concessions in Portugal have enormous potential.Do a little bit of research on the production of oil and gas in Europe and it is virtualy everywhere .Portugal just hasn't been overly exploited yet.What really excites me is the offshore concession,with high probability in very shallow water.The cash in the bank is a bonus,and even they can't blow through 22 million in 4 or 5 months, give your head a fu##### shake