Hey all,
Great point Rico it didn't make much sence for him to dump at 4.5 cents when he knew that this news release would have some affect on the share price. I guess karma is a B*t*h, thats what he gets for selling last year just before the news release of no recoverable hydrocarbon's.
This news is amazing. The prospects and upside to CQV keeps getting better and better as the weeks go by all leading up to what we hope will be a spring that none of us will ever forget. I worked in Alberta surveying for some oil and gas company's for a few years before I moved back to the rock, and I know there is lot of natural gas in Alberta. Also there won't be any issue in terms of tying into existing pipelines because there are pipelines running everywhere.
This play could develop pretty fast. If they are looking at "Ultra Shallow" natural gas, these test wells shouldn't be very deep at all which should mean somewhat quick results. And if they strike gas I would think that it wouldn't be real long before CQV could have some useable income.