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Pan Ocean Energy Corp Ltd (B) (POC.B.TO)

BUY
Recently announced a good looking discovery off West Africa and their production is growing.
BUY
A very cheap company. Doing 10,000/11,000 barrels a day which could double in the next couple of years. Planning on splitting off the gas assets.
TOP PICK
Production has gone from 2000 barrels to 12,000 this year. New discovery could add 6000/7000. Intend to split off the gas assets.
BUY
Have a new offshore discovery which is producing 15,000 barrels a day, probably going to 20,000 next month. Pretty cheap on a cash flow basis.
TOP PICK
Involved in African oil development. Have just discovered a new field. Have a lot of cash.
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