Thread Rating:
  • 2 Vote(s) - 5 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Citi initiates coverage on IOC with a Buy
#14

'2126' pid='63910' datel Wrote:

Some of the 'bad news' press releases in the last year:

IOC Discovery at Raptor 1 (11/14)
IOC Discovery at Bobcat 1 (12/14)
OSH Arbitration Claim Dismissed (2/15)
E/A Joint Venture Selects Sites (7/15)
Total Assumes Operatorship of E/A (7/15)
Antelope 5 Results Suggest High Quality Reef Extends West (8/15)
Antelope 4 Side Track 1 Spud (8/15)
Successful Flow Test at Triceratops 3 (9/15)
Second Rig Joins E/A Appraisal Work (10/15)

I would suggest not a one of those items is either a result of the fundamental size of the resource or an announcement certifying that drilling work is falling further behind schedule.  When do we expect our first appraisal wells at Bobcat and Raptor or a new appraisal for Triceratops with subsequent spudding of T4?

None of that planning has been announced publicly.  Did Hession sign off on a deal to delay further exploration?  I sure would like to know something like that.

AND just why has there been NOTHING said about what they FOUND at Wahoo?  Did they find thick highly pressurized sand seams that would give drillers in the Bakken erectile disfunction?

Yeah, there's a lotta energy in Interoil's leases.  Trouble is it's value has been covered up with a lot of horse shxt ever since A2 results were first announced.

Reply



Messages In This Thread
RE: Citi initiates coverage on IOC with a Buy - by ArtM72 - 10-22-2015, 07:41 AM

Forum Jump:


Users browsing this thread: 1 Guest(s)