Tuesday, August 14, 2012

FX Energy - Kutno analog

Enercom presentation today


Tom Lovejoy stated today that the Kutno prospect has an analog in the Slochteren Gas Field in Germany (it is in the Netherlands actually)


both have the Rotliegend sandstone as the target formation with Zechstein salt seal (that's what makes them analogs)

The stock is currently trading at a slight premium to where it should be trading if the Kutno prospect did not exist.  The upside from a 10% chance of success far outweighs the downside from a duster.

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