Opinions
Peter Hodson
Pan Orient Energy
POE-X
TOP PICK
Dec 14, 2007
Drilling onshore oil wells in Thailand for less than $1 million. Just hit a 3940-barrel a day well. This well paid back in about 2.5 days and the net asset value on the reserves they just discovered is about $50-$60 million. To spend $1 million and create $60 million worth of value is fantastic. They have about 40 more locations next year. They are fully self-funding.
$12.400
Stock price when the opinion was issued
Oil and Gas (Integrated Oils)
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
COMMENT
Spectacular successes with their Thailand plays. Just made a purchase in Indonesia. Government tax of 50% on any profit over $60. Between Oilexco (OIL-T) and this, she would prefer Oilexco, which represents better valuation in the market. (Not as expensive and has the same kind of upside. Less political risk in the North Sea.)
Oil and Gas (Integrated Oils)