I have high hopes for Choice. They are profitable, undervalued based on reserves and cashflow ratios compared to other Canadian juniors and American microcap drillers. Production has been pretty static due to selling off non core production during the past year. The current well being drilled at Pincher Creek could be a company changer for Choice.
Company thinks the well could be a large well based on long term producers nearby. Shooting for potential of 10,000 to 35,000mcfpd plus NGL's. Choice will retain 52.5% after payout. There are numerous future prospects in the Pincher Creek area if this well is successful.
Stock has been rising since reserves were announced several months ago and showed Choice to have 15 years of reserve life at 1349boepd. Choice is almost 100% ngas. Bobwins
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If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE
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Choice Resources (fka CZEKF) ()
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