TSXV:PEC.H - Post by User
Comment by
ziboon Oct 24, 2012 12:18pm
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Post# 20518600
RE: PortoBakken
RE: PortoBakken At 1.00 SP that's only a MC of 200 Mil which is cheap for a good discovery. Besides a commercial discovery what will move the SP is the large amount of PPL's that PEC controls which as of now is high risk and unproven but a discovery will de-risk the whole area, and you can bet that Galp and the other JVP's will exercise their options and the rig will be spudding another well right quik, this play has huge upside just look at what happened with AOI on one discovery in a highly unstable geo-politicaly risky play in Africa.