ZURICH, SWITZERLAND / ACCESSWIRE / October 7, 2015 / Today, mining analyst Stephan Bogner from Rockstone Research published an update on Cardiff Energy Corp. (TSX.V: CRS; WKN: A119FM).
The Canadian based oil and gas explorer reported yesterday to have successfully cased and cemented the Clayton #1H well in Runnels County, Texas/USA. Casing a well is a big deal as it reflects the crucial milestone of the well being safe from now on. Once the cement has cured, lateral drilling will take place for 5 days, with initial flow rates to be announced 4-6 days thereafter. If flow rates exceed 300 barrels of oil per day, a major revaluation of the company may occur as it currently trades with a $8 million CAD market valuation.
The full research report can be accessed with the following links:
English (PDF):
http://www.rockstone-research.com/images/PDF/Cardiff5en.pdf
Web version:
German (PDF):
http://www.rockstone-research.com/images/PDF/Cardiff5de.pdf
Disclaimer: Please read the full disclaimer within the above mentioned full research report as a PDF, because fundamental risks and conflicts of interest exist
SOURCE: Rockstone Research Ltd.
