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: Q210 Results
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ALEXANDER KLEIN, Dundee Securities
(08/06/2010)
"Despite the implementation of a fracture stimulation program at the Arta field in West Gharib, Egypt toward the end of Q110. . .TransGlobe still reported production sequentially lower quarter over quarter. The main reason appears to be a combination of shut-in production at West Gharib due to workovers and liner installations on fractured wells, in addition to natural declines. Even though production was restored in July and incremental production was added from additional fracture stimulations, July production at West Gharib is up only marginally from the previous peak production reported in May. . . .Notwithstanding the risk of lower production for 2010, the expanding Nukhul play provides substantial development potential through 2011 and 2012. In addition, we believe the Safwa discovery in East Ghazalat will be commercialized in early 2011, providing more incremental production. The company also has an inventory of exploration prospects that provide further potential upside. . .We are maintaining our BUY recommendation and $9.50 12-month target price." |
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