Canadian Oil

[johnlw]

Doesn't look that bad does it??

The well encountered approximately 52 feet of net pay, averaging 8-per-cent porosity, from the Leduc formation. During the 48-hour testing period, the well flowed at an average rate of 900 barrels of oil equivalent per day. Alberta Clipper operates the well and holds a 50-per-cent working interest in the new pool.

450*$60=$27000/day gross, on the test rates.

And its down 10% on the day? Brutal times here.

I see I got another 2K at $4.26 while I was out today.
Caught the low....I hope it is a good thing.

JW