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To: Rocket Red who wrote (131486)1/24/2014 3:54:35 PM
From: heinz44  Respond to of 233884
 
lol



To: Rocket Red who wrote (131486)1/24/2014 3:57:24 PM
From: Rocket Red  Respond to of 233884
 
Abenteur encounters 204 m of oil reservoir at Kingsford

2014-01-24 15:56 ET - News Release
Shares issued 18,278,266
ABU Close 2014-01-10 C$ 0.065


Mr. J. Lewis Dillman reports

ABENTEUER PARTNER TO COMPLETE NEW DUAL LEG STEELMAN HZ WELL

Abenteuer Resources Corp. operator CanEra Energy Corp. has drilled a new dual-legged horizontal well at 7-18-004- 06W2 on its Kingsford property in southeast Saskatchewan. The dual-legged well was drilled to a kick-off point at 1,187 metres and the intermediate casing point was at a measured depth of 1,660 metres. The first leg was drilled to a measured depth of 2,233 metres targeting the Midale Marly M3 zone. In total, CanEra encountered 335 metres of reservoir with oil staining throughout and gas units peaked at over 1,000 units at the heel. The second leg was drilled to a kick-off point at 1,675 metres and reached a measured depth of 2,213 metres to target the Marly M1 zone. In total, CanEra encountered 204 metres of reservoir with oil staining throughout and gas units peaked at close to 1,000 units at the toe.

CanEra, as the operator, reports that both legs have been acidized, and production equipment is currently being installed in order to commence production testing.

Abenteuer maintains a 13-per-cent working interest in the well and will update shareholders once the information is available.



To: Rocket Red who wrote (131486)1/24/2014 10:45:13 PM
From: heinz441 Recommendation

Recommended By
longz

  Read Replies (1) | Respond to of 233884
 
The 1 billion is a very old valuation, that didn't take into account the explosive growth of both mobile and tablet usage. That is one of the reasons the company has engaged Pelligrino again to update the valuation. The chief scientist of Poet, Dr. Taylor, who is also on the BoD of Poet has been quoted as saying if even one major vendor starts making devices with Poet chips inside, it's "easily" a 10 billion dollar opportunity.

Reference:
http://www.theglobeandmail.com/report-on-business/small-business/sb-growth/the-challenge/how-to-sell-silicon-valley-on-the-death-of-silicon/article13093729/
Read more at http://www.stockhouse.com/companies/bullboard/v.ptk/poet-technologies-inc#eeuTxyTIvhAdUS5m.99