Re: CQM, JNX News.....Hmmm
in response to
by
posted on
Feb 10, 2010 08:21AM
(Edit this message through the "fast facts" section)
If you read about:"Effects of New SEC Rules on Oil and Gas Reserves Can Be Drastic":
http://seekingalpha.com/article/187478-effects-of-new-sec-rules-on-oil-and-gas-reserves-can-be-drastic?
It's understandable that investors are cautios/conservative. But he mention Forrest as a good examble how it can be done properly:"For an exemplary report, check out Forest Oil (NYSE: FST), which clearly laid out the following effects on its reserves, in billions of cubic feet equivalent (Bcfe)". Very important that we can be trusted and maybe later have to come and say:"sorry, but we have to make a revision to the upside on the reserves":)
In addition we have GS,Antler and Horn River sure will be good, also Saskatchewan, om this land I read that the first estimates on OGIP was doublet up later. With a cost on about 5$, even 20$ a BOE, it could still be very good buissiness. I think we use to get about 60 to 70$/BOE. Correct me.
Yes, show me the gas. Investors want to see flowrates on at least 1.5mmcf. So, the team has to be given the time to do their work, this could reduce the costs and get us high enough to make the planned emmission without hurting exsting shareholders.