Twin Butte Energy Ltd TBTEF

Heavy oil rally

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A fresh FP article highlights the heavy oil sector is poised for a rally with BTE,TBE and others cited to benefit. Apparently differentials are narrowing and rail shipment is further improving that differential to WTI pricing. Yesterday's Daily Oil Patch Bulletin touched on a pair of licences pulled by BTE at Celtic site of one of three core areas that Waseca soon to be TBE is drilling. The acreage offers 480 meter well drills that yield quick, steady and sustainable payout. The TBE presentation is also updated. The biggest take away is the 2700 boe/d currently being generated on the 100 + boe/d wells at Primate. TBE operates 10 sections in this southern Lloydminster area. Industry upstart Edge Resources has amassed 20 sections there next to TBE and is promoting their efforts to be of potential extreme upside based on TBE's successes. All told there is lots if inventory, lots of opportunity and lots of upside.Shares are not going to stay under $3 much longer. Stay tuned.