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 Moving Ahead
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GAVIN WYLIE, Scotia Capital Inc.
(09/10/2010)
"Vast Exploration announced today that its Qara-Dagh-1 well (37% wi) encountered 64m of net pay in a thick Aliiji section that, while prospective (not a primary zone of interest), will not be fully tested until TD is reached—now scheduled for late-October/November. The well is currently drilling at ~2,200m and is expected to have full test results by late-November. The primary zone of interest in the Cretaceous (Qamchuqa) is likely to occur deeper at 2,800m–3,200m (vs. 2,500m), but appears achievable with two casing strings still available and no overpressure encountered. We reaffirm our 1-Sector Outperform rating on Vast and one-year target price of $1.40/share based on our risked NAVPS of $1.42M. In the context of our unrisked NAVPS of $5.55, Vast remains one of the highest reward, yet speculative names in our group." |
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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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