Post by
traderguy5000 on Sep 28, 2024 2:22pm
Prospects
It has been frustrating. Production was forecast to be 1800 bpd at this point, but is only 800. Investors are bailing. However, we are waiting for results from the three new wells drilled at Brooks, and the return of production from the ten Cuthbert wells that are currently held back while the water injection is being moved from the centre of the pool to the periphery. The Cuthbert wells were disappointing, but the company has demonstrated that moving the water injection will greatly enhance production. Good results from the Brooks wells and the return of the Cuthbert production will significantly close the production gap. Good news will provide significant gains for those who have the balls to buy. I've got stink bids in. If PEI goes to zero, I am dead. Being a little more dead won't make much difference. At 4.5, I think PEI is a much better bet than most Venture dogs. GLTAL
Comment by
Galmozzi on Sep 30, 2024 12:26am
Wasn't aware the water injection was being moved. Good to know. At 4.5 cents per share this has lowered my average cost to 6 cents but I'm a small fry only risking what I can afford to loose. Hoping we don't loose it though.
Comment by
Galmozzi on Sep 30, 2024 12:28am
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