AQO DLS

Ann: Drillsearch Agrees to Acquire Ambassador Oil, page-24

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  1. speculator101
    7,303 Posts.
    lightbulb Created with Sketch. 664
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    02/06/14
    10:09
    Post #: 13446537
    re: Ann: Drillsearch Agrees to Acquire Ambass... Well, I am happy to see that I was indeed surprised to the upside in regards to the potential of the Pennington field.

    I do love the new requirements that companies have to put out estimates of field sizes.

    Pennington with 1.7-2.7mmbo 2P, IMHO just as excitingly an estimated 3P of 5.3 mmbo. Add in Sunstail with its 1.6mmbo and high side of 2.5mmbo (3P) and DLS' 60% share is looking very nice.

    To put things in perspective, that's at least another year of production at the current rates, with the potential as further appraisal/development wells are completed to get even more.
    DLS Price at posting: $1.56 Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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