EEN - Undervalued & Oversold

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bobobob5 - Fri, 21 Oct 05 :

hashbrown: the one exception (of course) being Janis Joplin, "So come on, come on, come on, come on, and take it, take another little Pizzamyheart now, baby!"

Tone: there are several strands of evidence, including: a reference to a 70 million barrel 'Lisama' field near to Fortuna (goto the www.solanaresources.com website for a reference to it), Emerald's bullish comments and their stated intention to drill up to 8 'Lisama' wells, the statement by AB that the Lisama may contain "up to 30 million barrels of Potentially Recoverable Oil", a recently-released 10 million barrel 'Potential' figure given by Geoadinpro (tease it out of the new 'Recoverable Resources' slide), Emerald's reference to three nearby 'Lisama' fields, the involvement of Geoadinpro, the drilling success rates in the Llanos (comparing field densities per sq. km. between the Llanos and Middle Magdalena), Emerald's success rate with drilling, and their naming of the Silfide #2 and #3 potential follow-on wells (Emerald have not done that for El Algarrobo). Taking all that sort of stuff into account, my guess was 70%, but that's all it is, a guess.

rhwillcol: I do think it's good policy to give a few words of praise, from time to time, when it's deserved of course.

imho DYOR etc as always


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