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Gold/Mining/Energy : Petrolifera Petroleum Limited PDP.TO
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To: pino_noir who wrote (36)6/19/2007 10:45:17 AM
From: Cal Gary  Read Replies (1) of 62
 
&#9650 Lastest Greg Chornoboy report here:

jenningscapital.com

Despite production curtailment he raised is target to $26.75 from $22.

Attributing the $4.75/share increase based on two new discoveries:

 New discovery at Rinconada. The first well,
RR.RN.x-1001, tested 690 Bbl/d of light crude oil.
Seismic and mapping suggests that the play could
cover 90 km2, and there is a lot of running room to the
southeast in the new Vaca Mahuida block. We
estimate that the unrisked new resource potential
could be over 100 MMBbl on what has been mapped
to date.

 The new Puesto Morales 1027 well may confirm a
substantial extension to the north pool. The well
tested at 2,380 Bbl/d, and it might extend the northern
pool significantly to the south. The log and pressure
data is now being interpreted and integrated into the
regional model.
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