Petrobank Energy & Resources Limited 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 : Petrobank Energy & Resources Limited

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: kidl who wrote (145)	7/18/2007 4:16:38 PM
From: daveinmarinca	Read Replies (1) of 156

bought some PMG this morning....went in a little over the asking thinking I wouldn't get it and ended over paying a nickle a share on the trade. However, 2 hours later its trading over my buy.....bigger question is Wright's business plan for Columbia. I listened to his Friday interview on WallStreet.net again. Seems to me he intends to do the same thing he's doing with PBG....use the revenue from the light oil production to develop the heavy oil production to 6 figure BPD rates< petrominerales.com >. He's 6 +/- months away from proving Capri....that gives him a proprietary technology to produce syncrude at the wellhead from oilsands for $15,000/bpd capex....the THAI/Capri pilot period is rapidly coming to successful conclusion. As none of the other Alberta players want JV, I think Wright will focus on ramping up commercial development at both Whitesands AND Llanos Basin - Heavy Oil Belt in 10,000 BPD "cookie cutter" increments. He describes THAI/Capri as "evolutionary and disruptive".....both stocks will continue to appreciate but PMG has the bigger milti-bagger potential...all IMHO.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next