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Gold/Mining/Energy : Petrolifera Petroleum Limited PDP.TO -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (30)	6/17/2007 6:41:23 PM
From: Cal Gary	Respond to of 62

Tough trust question. Very subjective. Where do you want to go with this? Nothing wrong with having a plan (to drill 55 wells, midstream facilities & land acquisitions). Gusella did his part by approving and to make sure the 2007 plan got funded. It now in Mr Wine's hands to make it happen. Current production will sustain the near term share price. Drilling (or lack of, like the shorten 2006 drill program last year) is about the future upside. "In two weeks they have 6 months to drill 48 wells. This ain't adding up. " They got 2 drills spinning and 1 work over rig. Fourth rig, Lucky No.13 rig, is still lost at sea. Althought the targets are shallow wells (and you're right), they got a challenge to meet the budgeted drilling schedule given the drilling metrics acheived so far in 2007.