Top 3 oil picks for 2013
“The final and key piece of news for investors will be the farm out deal which we expect is likely to be concluded after the upgraded reserves report is published and that will pave the way for the full funding of phase 1b and phase 2 of Bentley. ” The company also just recently acquired new deeper water acreage in the 27th licensing round to the East of Bentley and which could produce lighter oil and tie back to original field development. DECC field approval, and then further information on when full production will be expected in 2014 following the acquisition of a suitable rig, will also be critical. So, in summary, some significant news flow which should help sustain significant investor interest in 2013 and move the share price much higher from its current subdued level.
January 2013
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