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Gold/Mining/Energy : Parkcrest Explorations Ltd. - Discovery 4,116 BPD
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To: leaf who wrote (34)11/16/1997 11:33:00 PM
From: Ed Ajootian  Read Replies (2) of 94
 
Leaf,

The figure you refer to is the production rate of the well they hit. "BOPD" stands for "barrells of oil per day". This was at least double the rate that most wells produce at in the Llanos Basin. The field they have found looks like it is going to be one of the largest finds in the whole basin, or at least in that general part of the basin.

Keep asking the questions. We lapse into abbreviations a lot here due to typing laziness. If folks don't know what we're saying then this is a waste of time (sometimes I think its a waste of time in any event!).

If you'd like to participate in oil & gas exploration with the small cap. companies, but don't feel comfortable making your own calls, check out State St. Research Global Resources Fund. They invest in a lot of the companies discussed here at SI.
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