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POV resource update +320%
NeoM1
8/27/2012 8:55:57 AM  |  | 205 reads  | Post #31429339
 

Aleator Energy Ltd. updated the market about the latest resource estimation of the Povorotnoye gas field:

=> former estimation of 61bcf gas in place increased to 256bcf (P50)

=> drill rig secured, drilling could start in September

=> commercial production could commence in mid-2013, if drilling is successful and well commercial

http://www.asx.com.au/asxpdf/20120827/pdf/4288ks6q2r3dmj.pdf

TSU share price almost 25% up in Oslo so far.

Cheers and have a good day,
Neo

 

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