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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: kollmhn who wrote (103657)	6/26/2008 8:53:37 AM
From: Ed Ajootian	Respond to of 206085

kol, Petro Resources (PRC), etc. -- The SONRIS report says the expected measured depth of this well is only a few hundred feet more than the expected true vertical depth to which the well will be drilled. That indicates (assuming that they have not changed the drilling plan) that they are only deviating very slightly from a straight vertical hole. Considering they only had another ~ 1,800 ft. to go as of Monday (measured depth), I would not be surprised if as of next Monday's update they will have completed drilling the well down to its expected measured depth. Assuming they have the casing lined up it should take just a few days to then complete the well, and put it onto sales. They may let this sucker flow for a few days or even a week or so before putting any PR out, to make sure there aren't any problems with the completion (as what happened with the original well that had been drilled here I believe). I believe also there may have been water issues with the last well, so that would be another reason to let this new well flow a bit, to validate that they in fact were able to get above the oil/water cut. Regarding END-IAE, from a cursory look at what IAE has in its pipeline, this would be a great deal for END if it happened. Not so sure it would be as much of a "steal" as some IAE fans have suggested, but let's just say as an END shareholder I would be absolutely thrilled if it went through on the currently proposed terms. But as I said before I don't expect the deal to go through, on any terms. Regarding BOGA, I will do a separate post on this company over the next few days, I am still very bullish about it.