Opinions
Laura Lau
Heritage Oil Corp.
HOC-T
DON'T BUY
Jun 30, 2009
Just bought Turkey’s Genel Enerji, which has a lot of leases in Kurdistan, so can now export. Very soon will be exporting as much as 100,000 barrels a day giving them cash flow very quickly. Stock has run a lot lately so a lot of the upside is now temporarily in the stock.
$10.830
Stock price when the opinion was issued
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COMMENT
Oil exploration in Uganda. Discovery in Lake Albert. Currently drilling Kingfisher2 to appraise Kingfisher, which tested 14,000 barrels a day of oil but did not reach primary target. Should be reaching total depth near the end of this month. Has potential to prove up a very exciting oil discovery.
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