Post by
STE15165 on Jan 23, 2013 11:14am
Last Release
I absolutely loved this news release. I should despise this company as I was one of the guys that watched it go to 2 dollars and bought on the way up. However I am going to give it one more shot. I can average down and this time the farm out company is providing the coin. We can use the oil revenues for our own drilling to stop dilution. I can't see any angle right now where we can get screwed. Hopefully I am right. If we can get all 8 wells going at an average of 100 boep we will looking at 320 boep for ourselves at 40%. That should be over 1 dollar a share right there. All the other drilling is a bonus. Good luck everyone. I suggest using your tax free savings account for this one. No capital gains on a possible 5-10 bagger.
Comment by
investderp on Jan 23, 2013 11:33am
Question is, how many wells left to drill? i've heard anywhere from eight to sixteen... does anyone have a firm number? I see "up to 10 horizontal Frobisher wells" for Bromhead...
Comment by
neverindoubt on Jan 24, 2013 8:23pm
according to the latest news release, to answer your question, J10 can support 8 horizontal wells on Frobisher and 4 from Midale.