Thanks and interesting.
"Seriously, if you want to make money on oil you have to buy Albert's Light Oil plays. The hottest properties now, with very high netbacks are Swan Hills were the payout (return of your cost) range from 20 weeks to 1 year."
FYI,
Great Pacific International GPI.V - GPIPF.OTC
Jr Oil & Gas very active in Alberta, Canada.
Has Penn West Petroleum (PWT.T) as a farm in & operator with the Red Earth Alberta property.
Red Earth property has over 40 producing wells.
January 11, 2011 - Farms Out Property 50% to Penn West Petroleum Ltd.
Other Alberta Properties
- Wildmere Oil Project
- Manning Heavy Oil Project
- Hanna Oil and Gas Prospect
The company is also evaluating international opportunities including Bakken Oil Plays in Montana and North Dakota.
Outstanding Shares: 47,428,432
52 Week High -Low: $0.235 / $0.025
Website: http://www.gpicanada.net