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Bullboard - Stock Discussion Forum Stream Oil & Gas Ltd SOGAF

GREY:SOGAF - Post Discussion

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Post by fatheroffour on Jul 31, 2013 3:59pm

Delvina

The thing that i am excited about is with respect to Bankers Petroleum.  Bankers has been actively looking for natural gas to "provide a long term alternative to Bankers’ power and steam generation needs." (from their July 23rd press release).  To date they have only hit at least two dry holes.  If you look at the map, Delvina has a gas pipeline that goes to the old power station and that gas pipeline goes right past the fields that Bankers operates.  It only makes sense to me that Bankers is looking at the natural gas assets of stream. 
Comment by naive_investor on Jul 31, 2013 4:19pm
Thanks fatheroffour. I heard that the pipeline needs some repair, which is easily doable. I think market has waited so long for Stream to increae its oil production, which I believe will come soon, and totally forgot about the new development in the gas field. They have a lot of gas indeed, which the Company hadn't been able to monetize until Thermo energy came forward with a great plan ...more