BB's Stock Haven

[barrels]

O I L X F - 35,000 bbls per day !!!

http://today.reuters.com/stocks/QuoteCompanyNewsArticle.aspx?view=CN&storyID=2006-07-18T160451Z_...


only 70 days till first production

imagine going from 200 bbls per day to 35,000 barrels per day
x 75 bucks hugee cash flows


15- 20 BUCKS A SHARE in my opinion only



OILXF OR OIL. TO IN CANADA



REUTERS Canada's Oilexco aims for Oct N.Sea oilfield start

LONDON, July 18 (Reuters) - Canada's Oilexco aims
to start production from its UK North Sea Brenda and Nicol
fields in October and expects output to reach 30,000 barrels per
day next year, a company executive said on Tuesday.

The development is Oilexpo's first as an operator in the
North Sea.

Britain hopes new entrants such as Oilexpo to the ageing
North Sea industry wil help slow declining output in the
region.

"Our target is October this year for first oil," Oilexco
Investor Relations Manager Rob Elgie told Reuters on Tuesday.

Production was expected to peak at 35,000 bpd later when
another well is drilled and connected, he said.

Oil industry group the UK Offshore Operators Association
(UKOOA) forecast on Tuesday that combined UK oil and gas output
would rise 300,000 barrels of oil equivalent per day (boepd) to
3.3 million boepd in 2007, the first annual rise in output since
1999.

Record oil prices have helped fuel a late-life boom in the
North Sea industry, and the UK received a record number of
applicants

Brenda and Nicol oil production will be tied back to the
Balmoral floating production vessel operated by Canadian Natural
Resources and be pumped through the BP-owned
Forties pipeline to the UK.

Oilexpo is 100 percent owner of the Brenda field and 70
percent owner of Nicol. ConocoPhillips and Agip
own the remaining 30 percent, but have agreed to relinquish
ownership after they have lifted a total 1.25 million barrels
from the field's production.

Oilexpo's current North Sea ouptut is a few hundred barrels
per day, which it receives as a non-operating equity holder in
the Balmoral and Glamis fields.

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