Jim Letourneau's Blog

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How much Bakken potential does PanTerra (PAN.V) have?

The following is taken from a recent interview between David Pescod (D.P.) and Fred Rumak (F.R.), President of PanTerra Resource Corp.

D.P: Well let’s pretend you are dreaming late at night, of the million acres, what percentage do you think is potential Bakken?
F.R: About 20%.
D.P: That is still a big chunk of land.
F.R: It is. It would work out to be approximately 160,000 acres.

I'm a shareholder of PanTerra (PAN.V)