Re: The more Hydros we hit the lower the stock price goes ??
in response to
by
posted on
Apr 25, 2008 06:53AM
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further to this point...
picked the brains of some research pals. Generally before the big boys(inst) consider cdn O&G juniors for their clients they look for among other criteria:
1 successfull completion of test well(s)
2. estimated resources by way of 51-101 report( this sparks the interest builds strong sizable bids) increases buying pressure. this is usually results in sizable SP increase.
3 bring well(s) into production minus blowouts, secure transport(pipleine) Flow it out the door.
So BC and the boys are going a different route skipped step 2, put a test well into production. Problem is for how long ? will it produce for 5mths of 5 years.
Sometimes unconventional methods payoff.
For myself, with this new info I understand why our SP is where it is.
F