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 >
Transglobe: Out of Harm's Way
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J. FREDERICK KOZAK, Canaccord Genuity
(02/04/2011)
"Despite the current unrest in Egypt, we reiterate our BUY rating and CAD$19.00 target. TransGlobe continues to delineate a developing oil discovery in the Nukhul Formation on the company's West Gharib Concession located in eastern Egypt. In 2011, three rigs have been contracted to drill 44 Nukhul Formation wells on the concession. . .Since the company's Q410 mid-quarter update released on December 13, four wells have been drilled, resulting in two oil wells (Arta 25 and East Arta 11), one potential oil well (South Rahmi 8) and one dry well (East Arta 10). Flow test results are expected near term. . .Production continues to increase toward our 2011E exit rate of just over 15,000 bbl/d, with record monthly production of 11,228 bbl/d realized in December and 11,300 bbl/d in the last week of January. With civil unrest currently confined to Egypt's major cities, production remains unaffected." |
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More Experts
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