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 Progressing
|
GAVIN WYLIE, Scotia Capital Inc.
(12/21/2010)
"Vast announced that it has successfully installed the intermediate casing string at 2,100m depth to prevent problems related to hole instability in the Tertiary. The drilling issues appear to be solved and drilling is expected to move much quicker to its planned total depth in the Cretaceous. The primary zones of interest in the Cretaceous (Kometan and Qamchuqa) were originally expected to occur at ~2,500m (now likely lower). We expect test results as early as late February. We maintain our 1-Sector Outperform rating on Vast and one-year target price of $1.40 per share based on our revised risked NAVPS of $1.37 vs. $1.43 previously. In the context of our unrisked NAVPS of $5.12, Vast remains one of the highest reward stories in our coverage universe but also extremely speculative. Results from the Qara Dagh-1 well remain the company's most significant catalysts in the near term. We estimate the remaining costs for Qara Dagh-1 well at ~US$15M (~US$7M net to Vast)." |
PRINT THIS PAGE
EMAIL THIS PAGE
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
"FCU's deal with CGN helps to financially and technically derisk PLS." (12/21/15) Fission Uranium Corp. - David Talbot, More >
"NXE is our top pick across all commodities." (12/22/15) NexGen Energy Ltd. - The Energy Report Interview with Rob Chang More >
"FCU will continue to explore and add pounds to what is already a world-class project." (12/22/15) Fission Uranium Corp. - The Energy Report Interview with Rob Chang More >
"EFR is well positioned to benefit from higher uranium prices." (12/22/15) Energy Fuels Inc. - The Energy Report Interview with Rob Chang More >
"FCU intends to sell $82M or 19.9% of the company to CGN Mining." (12/22/15) Fission Uranium Corp. - Jeb Handwerger, Gold Stock Trades More >