RE:RE:RE:What UpLucky a couple of things. With SAGD production it takes approximately 4 to 5 months to start producing once steam has been injected. Because CEC did nothing last year and with possible 1000/bbl/d, CEC missed a possible $18 million ($50 net/bblx1000 bbl/dx365d). They have had approval to increase this to 3200 bb/d. So now they are doing the same thing this year. If they haven't started injecting steam yet then there will be no possibility of production again this year. Plus it is far easier to sell a property thar is producing than the speculation of production. Currently propeties are selling for somewhere between $60,000 and $80,000 per flowing bbl. Of course this will vary depending on the quality of the reserves. Because of the approval of the 3200 bbl/d facility, I suspect CEC would hope to get something between $150 and $200 million. May be a pipe dream without proving what the formation is capable of.
Regarding investing in 3rd world countries is highley perspective. Regulations and tax rules can change on a dime, which changes the dynamics of a play overnight. Not something small cap companies with limited cash should be playing with. The fact Chisholm is living in Thailand shouldn't infleunce their investment decicions. Shareholders should be up in arms with how their money has been invested. over the past dozen years.