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

To: buckbldr who wrote (104916)	7/12/2008 7:49:33 AM
From: Bearcatbob	Respond to of 206193

It did make my Friday accounting good. Monday will return the reality. Time Ex Price Change Volume 19:40:11 Z 3.30 +0.37 500 16:01:47 Z 3.30 +0.37 1,000 16:01:47 Z 2.99 +0.06 5,100 15:59:32 Z 3.00 +0.07 400 15:59:32 Z 2.99 +0.06 100 15:59:13 Z 3.00 +0.07 340 15:59:13 Z 2.99 +0.06 100 15:59:13 Z 3.00 +0.07 960 15:59:04 Z 2.99 +0.06 100 15:59:04 Z 2.99 +0.06 500

To: buckbldr who wrote (104916)	7/12/2008 9:04:21 AM
From: cincinnatikid	Respond to of 206193

the East Flaxton well in North Dakota and the East Chalkley well in Louisiana will both be completed to sales by mid-August. These two wells should minimum increase PRC's production by 50 percent over last years exit rate. Not bad for a company this size. It is estimated that there is about 2.4 million barrels of oil in louisiana, that means it will cost about 20 million for PRC to get about 200 million of oil. Then you got the Newport well in North Dakota, It spudded around july 5th. The well is projected to a total depth of approximately 10,000' and will penetrate the several prospective formations including the Madison Group, Bakken, Winnipegosis, Red River, and Deadwood Sandstone. The Company owns a 25% working interest in the Newporte Prospect area. I know that many here are most interested in the Bakken area. Me i'm most interested in the Red River. Any of these areas could add another 50 percent or more in production to PRC. It is all exciting. The drilling program in the Cinco Terry prospect has also been recently accelerated with the addition of a second drilling rig committed to this prospect for the balance of the year and the company expects to drill another 25 to 30 wells before year end. With a 90 percent success rate I might add. There is also the possibility that PRC would sell their interest in the gulf coast, which could net PRC about 10 million, not bad. I can tell you that I own a little over 1 percent of PRC's stock and have no intention of selling it anytime soon. Good luck to all

To: buckbldr who wrote (104916)	7/12/2008 9:12:15 AM
From: Ed Ajootian	Respond to of 206193

Petro Resources (PRC) -- as of Friday the E. Chalkley well was being production tested. If they get sustainable production of 300 bopd out of this well it would pay out in about 3 months at current oil prices. It will be interesting to see how long they watch this first one crank away before they decide the next one over there. The operator, Centurion, is short of cash (which is why they farmed it out), so the next well might not be spudded for several months. I would expect some news on the flow rate next week, probably in the latter part. The deep Newporte well was already down something like 5,000 ft. as of Friday, so it looks like they might hit TD on the early side of the 30-40 days that had been estimated, if the rest of the drilling goes this well. They ended up getting something like 10 proposed term sheets for their debt refinancing, and have now honed in on the best one and are hammering out the details for that. They are in a race against time to get that financing lined up so they can redeem the convertible preferred before it becomes in the money (it is convertible at $4.50). I believe that success at E. Chalkley, a discovery at deep Newporte, and conventional debt financing would take this stock past $4.50, especially if this news were accompanied by some new analyst coverage.