Twin Butte Energy Ltd TBTEF

Avalon's assets

[bshort92]

In mentioning per the Daily Oil Patch Bulletin that TBE pulled six licenses yesterday at Frog Lake and the Avalon Melvin  drill for a 465 meter deep well... went back and noticed that Avalon also pulled a license yesterday for another 465 meter well at Edam. Those wells are shallow and they pay out quickly and they are inexpensive to drill. Throw that on top of the potential 100 boe/d wells that TBE has scoped out on the former EME property at Primate and the economics of their plays are incredibly compelling. You can only hold the shares down so long and them bam! The market figures out this outfit to be a real solid dividend paying intermediate sustaining player with a plan that works.