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 2010 Focus: Nukhul
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GERRY DONNELLY, FirstEnergy Capital
(08/06/2010)
"TransGlobe Energy will continue on its exploration and development drilling campaign focused on ramping up production to meet stated targets with particular focus on the Nukhul play in the West Gharib Concession in Egypt for the remainder of 2010. Capital expenditure for 2010 has been increased from US$63MM to US$71MM with US$60MM now allocated to Egypt. Further drilling on the Arta Field could double petroleum in-place figures, albeit recovery factors are lower than we anticipated. Although Q2 production was behind expectations, production guidance for 2010 is maintained with a further possible increase in 2011, possible reserves bookings at the East Ghazalat Block in Egypt by year-end and depending on appraisal wells results an early production system could be put in place in 2011. We have trimmed our target price to C$8.50/share, in line with our new risked NAV. We maintain our Market Perform recommendation, which implies a return of 8% to our current target price." |
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Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
More Experts
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"NXE is our top pick across all commodities." (12/22/15) NexGen Energy Ltd. - The Energy Report Interview with Rob Chang More >
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