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On the bright side - Printable Version

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RE: On the bright side - calvin grad - 10-09-2014

I wish the PPS were higher but this is my assessment

I am 95 percent certain that Elk Antelope and Antelope Deep have 8T and 90 per cent certain of 10t and 60 per cent of 12T

I am 70 per cent certain that Triceratops, Raptor and Bobcat have 4T combined

I am 50 per cent certain that Wahoo has 4T and have an outside hope that there may be some oil there.

I am 70 per cent certain that in all the other potential drilling targets there is 12Ts

There is upside potential on each of the above except maybe Elk Antelope and Antelope Deep.

Each investor has their own assessment of possible discoveries. We all believed that at least one well would be completed and results known. A discovery would give us more certainty of future discoveries. Other than the difficulty of drilling we have received no negative information. We are more certain of a seal. We are told that seismic is positive. We have hints of the prescence of hydrocarbons. We are told of the effort made by Total including some political. We never thoght that the market  price for LNG would be maintained.

Based  on the above I will continue to hold my shares