Michael Fitzsimmons
Oil & gas, dividend investing, research analyst

Oryx Petroleum Strikes Another Gusher In Kurdistan - Stock Has Significant Upside Potential

Oryx Petroleum (OTC:ORXPF) is a relatively unknown Canadian small-cap independent oil and gas company that explores for hydrocarbons in Africa and the Middle East. The company recently continued its success in Iraqi Kurdistan by reporting its Demir Dagh 4 well flowed at 5,500 bbl/d of light oil (21 degrees API) during a 6-hour period of a 67-hour test. This follows last month's Demir Dagh 2 well discovery and is the fourth consecutive discovery in the Hawler license. Oryx has a 65% working interest in Hawler. The company plans to install and operate an early production facility on the Demir Dagh field. Production will start in Q2. Despite yesterday's 4% rally on the news, there is tremendous upside in...

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