Referenced Stocks

Statesman Releases Report on Prospective Resources in Block 14, Sudan; Shares Rise 38%

By Midnight Trader,  November 08, 2012, 01:00:07 PM EDT

Statesman Resources Ltd. (SRR.V) announced the results of the Competent Persons Report produced by independent consultants Senergy ( GB ) Limited. The report concluded there is potential in Block 14, Sudan for a portfolio of prospects that could have a gross unrisked total prospective resource of 1.5 billion barrels.

This prospective resource is based on 30 potential traps containing a best estimate of 50 million barrels each. The report notes that drilling activity is increasing in the region.

SRR shares rose 11 cents to $0.40.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: GB



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