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Gold/Mining/Energy : Oil Sands and Related Stocks

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To: Taikun who wrote (11999)8/22/2006 11:53:42 PM
From: was Michelangelo7  Read Replies (2) of 25575
 
Thanks for pointing out DPTR, Taikun. Although I had heard of it in passing, I haven't done any DD on it. I will be looking into it with a view to taking a position, in addition to (rather than instead of) FO.

The FO reserve estimate is still a work in progress, but you may want to check out the reserve estimate being prepared by the Scotia Group when it's released, probably in September. Ben Law stated at the AGM that his conservative estimate for the gas in place was about 200 TCF in the BCGA. Since then they have drilled the Mako-6 well through the 2 BCGA formations which are about 1600 meters in thickness, and into a "Basal Conglomerate" 273 meters thick with similar high pressure, but good porosity as well. This could add significantly to the previous estimates.

m7
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