Ormetal Report Stocks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Ormetal Report Stocks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bearcatbob who started this subject	3/7/2004 10:05:28 PM
From: rubed	Read Replies (1) of 13

In regards to Admiral Bay and its CBM project, I think you should be very wary if you are not familiar with how CBM works. First it is not for specs as it is much more expensive generally with major environmental costs. Secondly, the wells have to water out before they produce... so take a 12-24 timeframe at least before you start seeing any production. Look at someone like thunder who is a well managed junior-mid (7000 bbl's/day) and they have sold off recently with their move into CBM as institutions just don't want to hold juniors in CBM. I think CBM has potential but you have to be wary with it and accept that production is not going to come around for a long long time. rube

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next