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Penn West Petroleum Ltd. Message Board

  • buffalo3112 buffalo3112 Feb 3, 2008 11:32 AM Flag

    PWE investors should also

    keep in mind that if THAI technology is viable and PWE's oil sands properties are good candidates for this tech. reserve numbers could increase dramatically. THAI has a preliminary recovery rate in the 70-80% range. When a company is sitting on BILLIONS of potentially recoverable barrels vis a vis this tech. one should give at least a grain of salt to a higher valuation of asstes as we move forward. JMO regards

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