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Sorry to intrude here, Why waite, Enterprise Development Corp, 'ED' on ASE, Alberta is going to surprise everybody, a new kid on the block, joining the ranks of producers, revalidating as i write the pending test of first of three already drilled OIL wells in Guatemala, first well did produce a restricted flow of 1728 bopd in Aug./98, 38-40 degrees sweet crude, test was stopped because of overheating of undersized equipment due to the actual estimated flow to be atleast twice as much,then efforts hampered by hurricane Mitch, finally the new twice size equipment(Separator) is being bolted up right this moment, local market has been contracted to consume all production for a year, next two wells being recommissioned this year also have potential to produce 3000bopd each, company owns 100%, sitting on a very large reserve, large volume today with small uptick,tomorrow and next few days shall be very interesting, this company could & should move over a dollar in a matter of days, check out 'ED'site and thread here.I am a share holder, no relationship with company, company very reluctant to talk to anyone, has no PR yet,would love to hear if someone can bring up new information from 'ED'. |
