GREY:CXEYF - Post by User
Post by
OceanRanger1on Mar 26, 2010 9:37pm
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Post# 16930692
Newswire Article
Newswire Article
I thought this article that may be of interest to the board. It was a factor in my decision to buy and It's from an oil and gas publication called OilVoice:
Geofinance NV is an international upstream oil and gas company that produces approximately 5,900 bpd of crude oil. Geofinance and its affiliates have operations in France, Vietnam and India and they also own stakes in four exploration blocks in Yemen. Geofinance also owns 38.5% of Geoservices, a large oilfield services company with annual sales in excess of US$500 million. Geofinance and its affiliates (not including Geoservices) employ approximately 60 people.
Thomas Rebilly, Director of Geofinance NV and Chairman of Geopetrol SA, a subsidiary of Geofinance which owns the producing assets in France, commented about the investment of Geofinance in Candax stating:
"Providing there is positive shareholder support, we believe that Geofinance's investment and technical assistance should enable Candax to implement the necessary measures to resolve the current production problems in Tunisia, which in conjunction with a broader re-structuring of Candax and tight cost controls will help to build a stronger business base with enhanced cash flows, reduced debt and thus unlock value for its shareholders. The key short term focus will be to fix the production issues and in the medium term, Candax should be able to resume its growth."
These boards are a great meeting place for people of like mind to share each others opinions and when used properly they are a strong investment tool. Everyone is entitled to their own opinion and there is value in everyone's opinion. Some people miss the whole point of these boards and for that they are the losers because they are filtering out the very elements that make up the strength and value of a board.
The level of intolerance demonstrated by some who choose to lash out with personal attacks on other posters is unacceptable and that kind of posting is what ruins the boards. There is absolutely no room for personal attacks of any kind - that is the bunk that nobody wants.
I remain long and strong on Candax
Run baby Run!
OceanRanger