ZURICH, SWITZERLAND / ACCESSWIRE / August 5, 2015 / Today, mining analyst Stephan Bogner from Rockstone Research published an update on Cardiff Energy Corp. (TSX.V: CRS) as the company released interesting news in 2 major dimensions yesterday.
The drill completion of the horizontal well (Clayton #1H) in Runnels County, Texas/USA, is anticipated within the next days, whereafter initial flow rates will be disclosed, which may result in a re-evaluation of the company (current market cap: $7 million CAD).
In case the company's first horizontal well turns out to be a success and stable production rates are achieved, Cardiff Energy will be in a position to bring into production more horizontal wells on its almost 5 km2 (1,200 acres) large property, which was expanded significantly according to yesterday's news.
The full research report can be accessed via the following links:
English:
http://www.rockstone-research.com/images/PDF/Cardiff3en.pdf
German:
http://www.rockstone-research.com/images/PDF/Cardiff3de.pdf
Please read the full disclaimer
in the full research report as a PDF (see link above) as
conflicts of interest exist.
SOURCE: Rockstone Research