The Energy Report
Notable Quotes
"With the LOI signed, we urge investors to bolster positions in FCU." (12/22/15) Fission Uranium Corp. - David Sadowski, Raymond James More >
"FCU is taking the right steps regardless of whether PLS is ultimately acquired or developed into a mine." (12/22/15) Fission Uranium Corp. - Heiko Ihle, Rodman & Renshaw More >
"I am quite excited about POE in 2016." (12/16/15) Pan Orient Energy Corp. - Chen Lin, What Is Chen Buying? What Is Chen Selling? More >
"BKX's Oklahoma asset has significant value." (12/16/15) BNK Petroleum Inc. - Michael Charlton, iA Securities More >
"EFR is one of the few companies in a position to write long-term sales contracts and deliver into them at several times its current production rate." (12/17/15) Energy Fuels Inc. - The Gold Report Interview with Eric Coffin More >
VST: Qara Dagh Seismic Program Complete
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KEVIN SHAW, Wellington West Capital Markets
(11/03/2009)
Qara Dagh seismic program complete, three locations identified VST acquired 355 km of 2D seismic over Qara Dagh; the three subsurface targets are believed to extend across the Cretaceous, Jurassic and Triassic. Third-party prospective resource estimate (51-101 compliant) underway The independent report is expected to be completed by December 2009; we plan to refine our 'blue-sky' estimates following the report's release. First Qara Dagh exploration well set to spud in Q110 First well could put considerable potential in play; we model a 350 mmbbls gross oil discovery carrying net un-risked NPV/sh value of $1.86. VST shares trading at ~0.5x our risked EMV/sh of $1.23 Our $1.25 target is driven by risked EMV/sh est. of $1.23, which is based on gross un-risked resource potential of 600 mmbbls for three structures. |
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