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Junior Oil Companies. ASX


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Guys so as not to upset members of other threads if you have anything to add about BOW GGP SHG GDN EKA ADI AUT use this thread. Not the intention to take over from the other threads but to compare the high risk wells the above stocks are about to drill or are presently drilling. Also interested in any other stocks that have high risk high return wells coming up.



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Carsha - don't have time to be telling stories . . . http://www.sharescene.com/html/emoticons/tongue.gif


(look at the attached slide)


BKP drilling Heron-1 this quarter.


High-risk, high-potential well.


Probably no more until 2008.



As for RRS, doubt they will drill any wells in Puntland in the next 12months.


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I would add CTP to this thread. For several reasons...

1= Sovereign risk?= Absolutely none..

2= Elephant sized prospects..

3= Positions determined for two wells targeting, respectively==

1st. well 'Blamore=+75mmbls OIL.

2nd.well 'Avalon" =+44mmbls OIL.

4= Very large acreage in lease areas.

5= Have announced that they are in talks with several sizable potential farminees.

5= Are negotiating with Drill Rig contractors.

6= Are progressing in their negotiations with the Central Land Council..

7= Have stated that they hope to spud the first of two back-to-back wells this year!

9= To my way of thinking CTP management belong in the serious "wish to deliver value

to shareholders' category rather than the ' wish to line directors pockets mob"..

10= Their acreage has a previous history that is very interesting. Well worth reading the

prospectus.. http://www.sharescene.com/html/emoticons/smile.gif

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Carsha - don't have time to be telling stories . . . http://www.sharescene.com/html/emoticons/tongue.gif


I have read your posts before KB, mostly a good story to tell http://www.sharescene.com/html/emoticons/cool.gif 20% chance of success BKP sounds reasonable, notice KB that you seem to be focusing on africa...... I am surprised you didn't mention FAR and senegal for a future one to watch....


Robertjb you make a good arguement for CTP and I will be investigating further. Certainly fits the description for the thread.


CIG ? need to look into their up coming wells, personally do not know the drilling program.


It will be interesting to see what percentage of these companies with high risk wells actually are successful. For the share holders of the ones that do make a discoveries the rewards will be huge.

Imagine being in GDN and they surprise on the upside with a discoverie...10tcf is the top figure I have seen mentioned. Small investment would turn into a huge amount quickly. Great for the adrenalin junkies http://www.sharescene.com/html/emoticons/wink.gif


My money is on sugarloaf which ADI AUT and EKA have farmed into and is drilling now. It gives me some confidence in the fact that the 3 companies took positions in the drilling of sugarloaf.


Certainly an interesting time ahead with the drill for a number of companies.



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