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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: TheBusDriver who wrote (118615)6/14/2008 5:40:30 AM
From: ogi  Read Replies (1) | Respond to of 313126
 
Wayne my expectations for Nog are pretty much limited to something more than .68 a share!! I have no Jed Clampett fantasies, YET :):). All we really know is they have some kind of oil show in the well bore under oil seeps, in a shallow inexpensive well drilling situation. It seems likely that the first well might have had similar indicators if they had not lost the drill, so two possible producers. They have made no comment on what their seismic told them Might be indicated in the formation either, that may mean the formations are small??

A success to date but the NR Fri night was referring to their improper statements of flow rate potentials for the heavy oil wells in Alberta and not the potential for the Preeceville Sask. oil seep wells. Some may have confused the two.

I will hold for further news, they have a new discovery, which may or may not be significant, meanwhile some of the Big Boys
( Hunt Oil) are drilling in that area too.

Cheers,
Ogi