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Re: dat_51or post# 3854

Wednesday, 09/11/2013 3:31:46 PM

Wednesday, September 11, 2013 3:31:46 PM

Post# of 7259
You are quite correct...it is PRD. I bought a little a month back. Its moved up some. Looks like a rework of mostly existing fields using fracking technology similar to the Bakken where some of the big guys turned their noses up 20 years ago when traditional drilling couldn't get the stuff to the surface. I also have some NZ as a swing for the stands sort of a play.

I think the closest thing to a surething is obviously AOIFF but wonder if any of you have some of the Australian shale play that is being touted by at least one of the biggest newsletter experts and he has it in his speculative portfolio. One company controlling an entire Bakken formation sounds pretty good to me. I think they are just waiting for CNOOC to step up to the plate.

This really is the best forum on the net. No bashing and no trash talking. What a pleasure!