Post by
venture009 on May 01, 2024 2:19pm
April 29 news release
Nice release; Looks as though CEC will now own the Sawn Lk. property 100%., which should allow for a possible jv. It's doubtful CEC will try to develope this property themselves, since they have shown relutance do so over the past. 3 years of elevated oil prices have been missed and now they are stepping forward. Their 2015 investment was at the tail end of of an energy boom, lets hope they haven't done it again. If they do plan to go alone, then a financing of some sort is on the horizon.
Comment by
vkny2015 on May 01, 2024 6:18pm
Well, in previous press release CEO mentioned about creating value for shareholders, hopefully we can sell this project. taking in consideration that transmountain pipeline is ready to go and oil price is high now