GREY:ARKXF - Post by User
Post by
retiredcfon Oct 27, 2012 5:51am
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Post# 20530335
Top Pick on BNN
Top Pick on BNN from Rob Lauzon (Middlefield Capital) on yesterday's Market Call. Here are two summaries of his comments. GLTA
Artek Exploration (RTK TSX) Last purchased around $2
Artek's production is approximately 60 percent gas and 40 percent oil and liquids. We are encouraged by the initial drilling results from their condensate rich Inga play targeting the Doig formation. They also have upside with their Charlie Lake oil discovery
| 2012-10-26 |
TOP PICK |
RTK-T |
Artek Exploration |
Production stream is about 60% gas and 40% liquids or oil but is viewed as a gas stock. Have an interesting play in north-eastern British Columbia in the Inga area. Getting great results. Early in the play. Production numbers are just below 3000 barrels a day and management thinks they will exit around 4000. The most valuable liquid stream coming out of natural gas is condensate which is what they use in the oil sands. It enables bitumen to run through a pipeline. Very valuable right now.
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