14 Wells x 400bopd = $6.51 POP Share ValueHi Friends, Colleagues, Traders, Investors & Positive People,
We are so lucky to have Petro One as an Investment opportunity. Pop has Former elite Exxon Mobile Management & a Korean corporation starting to build a new Canadian mid-tier producer under the POP umbrella. An opportunity to make an investment in the pennies for an idea like this only comes once in a life time.
Now that we are embarking on drilling low risk development oil wells surrounded by long, strong, cumulative light oil production that have P1 51-101 reserves calculated by McDaniel and approved by the TSX and independent world class geologists the share price is set to move higher.
Below is a press release approved by the TSX and written by 51-101 approved independent oil geologists.
Also we must note that the property below is only 1 of 16 projects under the POP/Korean umbrella.
***Drilling Two REEF'S***
Drilling Two Reef's shortly, both have 400BDP potential.
SOUTH RESTON, MANITOBA
On the South Reston J4 property (2.25 sections), recent detailed seismic interpretation has clearly identified a large carbonate mound in the Lodgepole Formation. This is a large reef-like structure 100 metres thick and measures 2.6 square kilometres in extent, and has a strong resemblance to Waulsortian mounds that are highly productive oil producers in the Williston Basin. A 1,000 metre vertical well has been proposed to test this large mound, which is a strong drill target with excellent upside potential.
KIRKELLA, MANITOBA
On the Kirkella J3 property, a site has been surveyed for an 800 metre vertical well targeting seismically indicated porosity in an undrilled area updip of the Kirkella Lodgepole oil field. Two of the nearest producers at the north end of the field had three month initial production of 418 and 251 bopd respectively.Bakken production in the immediate area confirms that the100% owned J3 property has good dual-zone potential.
POP has 14 drill locations at 400bopb.
14 x 400bopd = 5600bopd x $100,000 per flowing barrel = $560,000,000 MCAP for POP.
Cash in POP treasury post financing = $20,000,000
POP Production 5600bopd = $560,000,000
$580,000,000MCAP / 89,000,000 POP Shares post financing outstanding = $6.51 POP share value.
The $6.51 POP share value gives no blue sky for the other 15 properties.
Always do your due-diligence.
We seek safe harbour.