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  • jimjones62@rocketmail.com jimjones62 Sep 18, 2012 1:26 AM Flag

    Cheapest oil stock in NYSE, LPR

    CHEAPEST OIL STOCK, highest risk reward.....
    Evi Resource Opportunity Overlooked: We feel the focus on Q1
    operational issues and near term guidance changes has masked progress
    on drilling density at Evi. Operated activity was focused on the northern
    block of Evi during Q1, where LPR drilled eight wells in a single section. All
    eight wells are now on stream and initial rates indicate no signs of
    interference between wells. LPR has regulatory approval for up to 16 wells
    per section in certain sections at Evi and has plans to initiate a pilot of up to
    12 wells per section in H2. Notwithstanding certain step-out wells that did
    not perform as expected, we believe LPR ultimately has the opportunity to
    double its current 500 well location inventory and surface up to ~$9/share.
    Sentiment: Strong Buy

    Sentiment: Strong Buy

 
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