Hello All,
The price of oil is on the upswing again. The daily and weekly
charts look bullish for sure.
Maybe you have noticed your gas prices rising the last few weeks
when you went to the pump.
Oil has recently hit $90 per barrel, the highest since the 2008
downturn.
Gold stocks have been hot as of late but with oil and gas prices
rising more investors are going to be moving back into oil and gas
again.
I have a new oil and gas stock that has started to heat up as well
so lets get to it.
Our new alert is Imperial Resources, Inc., IPRC, and the stock
closed Friday at 61 cents.
Please begin your research here imperialresourcesinc and
here finance
Here are a few facts to get you started.
IPRC is an oil and gas exploration and production company.
IPRC has extensive industry relationships and a strong management
team, both in house and contracted-in, working to strict investment
criteria in identifying low risk opportunities which combine rapid
payout and long term revenue streams.
IRPC's newest project is The Chisholm Trail Prospect and it could
end up HUGE.
IPRC is starting off with a 15 well drilling package.
Initial flow rates have exceeded 200 Bopd and 2,000 Mcf of gas per
day!
IPRC believes that a successful development of these fifteen
relatively low risk wells could result in over $130 million of
undiscounted cumulative gross cash flow to the company!!
Furthermore, the aerial extent of this formation could allow a
larger field development of several thousand additional wells,
offering a stratospheric upside for IPRC, well beyond even "Company
Maker" success.
Some of IPRC's other projects include:
#1 A proven producing field extension in Texas eastern shelf region
that has the potential to produce 5 shallow oil and gas wells which
we believe will produce in excess of 35,000 barrels of oil and
60,000, mcf of gas per well.
The wells would be less than 4,000 feet deep vertical wells, which
would require very little capital investment to drill. These wells
would be up dip of two very prolific fields- both downdip fields
have produced in excess of 3.5 million barrels of oil and 6 bcf of
gas.
#2 An infill development in Eastern New Mexico that has the
potential to provide either 4 vertical or 3 horizontal locations at
a depth of less than 4,900 feet. As these wells would offset proven
producing wells Imperial believes that they will be rated as P90
proven undeveloped reserves in the area of 30,000 barrels of oil
when analyzed by third party engineers!
#3 A development in the Texas Panhandle that has the potential to
provide up to 4 horizontal locations at a depth of approximately
6,500 feet. A recent offset horizontal well displayed initial
production (PIP) of 117 barrels of oil per day and 891 mcf of gas
per day. This area is becoming increasingly popular for horizontal
infill drilling.
IPRC CEO Robert Durbin commented, "These projects fit our model in
that they are either Proven Undeveloped Reserves or they are a
blend of manageable risk and low entry cost leading to a
significant potential upside."
Get ready to book your profits with IPRC.
As always, do your own research, always use stop loss orders to
protect yourself, and book your profits when in a position to do so.
Good Trading,
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