Not to worry...22 Jan 2010 14:30
about newcomers here, if they have not DTOR D-D then its just punters. TSX to open soon, nothing stunning on the BB's, they are mainly just watching us, this one is beeping loud on the radar and one of few profit shares right now, no one here has or will offer any guarantees, there are posts on BB's in Canada/US saying that SE are testing this well in Syria, prognosis is 450BCF which if true de-risks in excess of 1 BCF of gas, very outside chance of oil instead of gas. Stratic have ~1000 BBl/d production in N. Sea, Gas off Turkey though its a bit of a tiddler, a bunch of goodish exploration prospects, and more production North Sea to come hopefully next year. On the downside, they have a lot of debt but it is [we are told] under control with consenting adults involved. The Syria well has been on the back burner for years as it was Legacy from the Grove take-over years ago, Oxy had the acreage and drilled to top of structure but pulled out, possibly because of sanctions against Syria.
That's a precis of SE. as a share, for more balanced /authoritative info, DYOR.
- Geo
Link to Venture if anyone wants to track.
http://cxa.marketwatch.com/tsx/en/market/quote.aspx?symbol=SE&x=22&y=6