TriOil Resources Ltd TRIAF

Kaybob has made Trilogy

[shambano1]

into a major success from a low of 5 bucks in 2008 to over 40 in 2011.
I'm not sure what TOL target is and the numbers are continually changing but they have very little debt and very large land base to grow with oil and liquids rich NG, both the right commodity at this time.  Of course if the world goes back into recession we might not reach any future targets quickly but if we continue with slow growth in USA and sooner or later Europe gets resolved , then I can see TOL hitting plus 5 in 2-3 years.
The key right now is low debt, good CF and good properties all of which TOL has, and good management doesn't hurt either, but we will reserve judgement on that for now.
either way TOL under 2.25-2.50 seems like a safe bet for now with the success that they have achieved so far in 2011.\
Does anyone have info on the Kaybob deal, I would appreciate the details, who's then farmee, and any financial details.
cheers and GLL

[AIGswap]

You just answered your own question.  TET is one the partners in the Dunvegan play.  As of TOL's latest disclosure, they are partners in 4 sections.  Their other partner is private-co Tangle Creek, which was the operator of the previously disclosed well.

[cookster9]

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[shambano1]

TOL is not a 1 horse pony even without the new play but this play can have some big returns in a short period, so the SP is reacting accordingly.  I'm still not chasing at this point, but waiting for a pull back to add to my position.I wouldn't pay that much attention to targets, yes if everything goes right, we could see north of 5, but the marco picture is still not pretty at

[cookster9]

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[lotto6492]

Yes rig in Kaybob has moved to second hole and rig in Lochend is moving to new hole

[cookster9]

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