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 >
TGL's Arta Nukhul program
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DAVID POPOWICH, Macquarie Research
(06/29/2010)
"TransGlobe released initial flow rates from its Arta-12 horizontal well in Egypt. The well has only been onstream for one week, but is producing 300–400bbl/d of oil on pump while it continues to recover frack fluid. Pump rates will be optimized over the month of July, at which time we should have a better idea of the true productive capacity of this well; at this point, we cannot be sure if the initial flow rate even reflects production contribution from all four frack stages. . . .TransGlobe continues to shoot the lights out with its Nukhul delineation-drilling program at Arta. The company recently increased its PIIP estimate for the Arta Nukhul pool to 36mmb (up 8mmb), which includes step-out drilling at East Arta-2 and Arta-14. A new productive zone in the lower Nukhul is also positive, although the areal extent of this zone remains to be seen. TransGlobe has already delivered strong reserve additions from its Arta delineation-drilling program in 2010, on top of our core NAV of C$6.51/sh. We still like the stock at these levels, especially with East Arta exploration drilling currently in progress." |
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