Second Wave Petroleum Inc SCSZF

2P RESERVES

[iaminvestor]

The  tax  loss   selling  period   makes  people   ignore  the  fundamentals   once  again......and  SCS  gives  them  a  good  chance   to   reduce  their  capital  gains  of  2012.

 

However   the 2P  Reserves of  SCS  are:

 

SCS   had   11 MBoe   (85%    OIL)   in  DEC  2011   WITHOUT   adding   any  reserves   from  its   big  drilling  success  in  H1   2012  when  it  hit  wells  with  IP   4000   and   5000  boepd  as  it  sits  on  the  SWEET   SPOT  of  beaverhill   lake.  SCS    had   4   wells  in  the  TOP-16    wells    of  Canada   as the  latest   article   in  Seeking Alpha     clearly  notes.

 

 

The  new  Reserves  report  will  be  released  in  early  2013.  I   believe  SCS  2P  Reserves  will  be  close  to  20 MMboe   (80%   OIL)   after  the  success   of  H1   2012.

 

 

Even  if  we  assume  15 MMboe  (85%    OIL)    which is  very   meagre    30%   increase,   SCS  should  have  an  300 M    enterprise  value   currently.   It  has  only   $130M !

[Iamwcw]

This post has been removed in accordance with Community Policy

[Iamwcw]

This post has been removed in accordance with Community Policy

[nlr2]

I'm not a politician but perhaps I should take your advice, I'm sure I can count on your vote. Haha. If your not writing articles and posts all over the place you should probably tell the authors to quit copying you. Just a heads up. Now to your points. - IP's are meaningless. They are fluff. Eye popping IP's over a 10 day period mean nothing. Look at the type curve from Q3. You

[puntabeach]

U are definitely a politician who is also IN DENIAL as you keep misleading ! 1) Even with Reliable, you MISLEAD and you ignore the BASICS as CPG paid 100K although it was a MINOR producer of 1,000 boepd. Read carefully :"The company is acquiring Reliable Energy for shares (0.00794 of a Crescent Point share for each Reliable share) in a deal valued at $103.9 million (CPG already owned

[nlr2]

Wait a sec. Who am I arguing with Iaminvestor or Puntabeach? Haha. Very confusing. Pick the wrong account? Anyways welcome puntabeach.  How about Cutpick then?After adjusting for the value of land and seismic, the acquisition metric equates to $73,036 per producing BOE/d. I looked at the figures for the Reliable takeover backing out the debt of reliable which CPG assumed. Hence the lower

[iaminvestor]

Pathetic    misleading  feedback.  I  posted  FACTS,  you  posted   your  theories. and  after  your  complete  failure  with  Reliable, now  you   bring  the  PRIVATELY  HELD   Cutpick  on  the  table  with a  65%   oil  and  liquids   and

[nlr2]

Punta is your sons account? Thats fun, little family stockhousing. After supper get out your Rosetta Stone CD's and work on your english. Haha. Your facts out of context make no sense. You cherry pick what you feel strengthens your case and ignore what doesn't. I guess thats an opinion. You disregard the declines, the debt, the failure of management, the lack of operatorship, the lack of a

[iaminvestor]

Your  post  goes  directly  to  my  trash bin. and  This  is  NOT  my  article....I told you I do not write any articles  ANYWHERE   but it is clear you can not get even the SIMPLEST  sentences  let  alone  the  ones  with  drilling  results  and  numbers.     EOM