RE:From July 30, 2013 releaseThank yet again for your "opinion" on why R + S left, but unless you have a news release to back up your statment...... then take your own advice and shut the hell up. Like how your posts keep getting deleted by SH even after you were giving them such praise, lol. Do you notice how no one here ever replies to you? Well i guess someone other then me finally did and it was to tell you what a tool you are, lol. You are pretty pathetic buddy, you just keep going and going with your bashing of PEC and your unvalidated "opinions".
Look at this guys posts outside of PEC, he bashes everything he touches. Just click on his profile people and look at his past bullboard posts. Every post is him arguing with other people and trashing stocks he has probably never owned. Just a loser with nothing but hatred towards the market i guess. Probably a failed day trader, lost his house, family, life (if he ever ahd one). Do your own DD on this guy and find out for yourself. LOL
Just click on his profile people and look at his past bullboard posts. Every post is him arguing with other people and trashing stocks he has probably never owned. Just a loser with nothing but hatred towards the market i guess. Probably a failed day trader, lost his house, family, life (if he ever ahd one). Do your own DD on this guy and find out for yourself. LOL
Read more at https://www.stockhouse.com/companies/bullboard/v.pec/porto-energy-corp?postid=21829462#fVoeTB6ZCCzBQAUt.99
tooez1 wrote: Porto's expected money share for the future perhaps is holding back investment....
2013 Work Program
The 2013 well program, which consists of drilling one deep well (terminal depth greater than 3,000 metres) and possibly one horizontal well, contingent upon the results of the deep well, both within the Lias interval; drilling up to seven stratigraphic wells to advance the exploration and development of the Lias stratigraphic interval; the acquisition of 150 km of 2-D seismic data on shore that may also partially benefit the offshore prospects; and further acquisition and analysis of geologic data to expand the Company's understanding of the basin in general, was approved by DPEP in June 2013. Based on the working interests of the Company and the obligations of its joint venture partner as set out in the farmout agreement and governed by the joint operating agreement, the Company anticipates its portion of the costs to be between $7.1 million and $11.2 million depending on the results of the initial Presalt well and whether or not the drilling of a horizontal well is warranted. The work program is expected to be funded through its joint venturing efforts. Approval of the 2013 program by DPEP successfully concludes the Company's 2012 drilling program requirements.
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And now , of course, "joint venturing" has expanded into the potential of various scenarios.....seemingly a hope and a prayer effort? You would think that if those 23 shallow wells with their resource (NOT RESERVES) increase held good hope then Sorg and Rag would have hung around with their 50% OR , at least, someone else would have picked it up quickly ...obviously not the case.