Border Petroleum Ltd BOPFF

Energy Oil & Gas E&P

Border's new growth strategy is to target oil and gas assets that are characterized by reservoirs with proven reserves with low recovery factor to date. These assets allow for low risk development opportunities to increase production, cash flow and add reserve value. Border's corporate strategy will in return increase shareholder value and help build a strong stable cash flow and balance sheet.

GREY:BOPFF - Post by User

Border Petroleum Ltd

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Comment by Vanboarderon May 23, 2012 2:59pm

289 Views

Post# 19938801

RE: RE: RE: Huge Wall

I don't totally agree as in this market a delay or even the hint of less than great news means a sell off as investors are extremely jumpy.

The wells are also currently producing alot of water too. I wondering if it's frac fluid or reservoir water? You have to remember that these wells usually produce water at the beginning and tend to clean up later on with oil cuts increasing.

As you mentioned the legs on these wells are shorter than the one's Pinecrest has so the numbers will be less on that factor alone.

IMO you could be right or you could be wrong.

Time will tell the truth.

Cheers,

Van

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