GREY:DONYF - Post by User
Comment by
Tinmannon Aug 09, 2012 4:03pm
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Post# 20200218
RE: I like it!
RE: I like it! And another person that "gets it". Couldn't agree more. Next well drills in a couple weeks, fully funded, and first well should be tied in by Sept-Oct. Look at the land map and who surrounds this land block. CLT, POU, and a private company called 7 Generations. I googled them and saw that the Canada Pension Plan put $200 million into that company a few months ago. Then look at the well tests all around little donnycreek. I'm guessing they don't last long, swimming with all these whales. The next well is drilling right next to an old well with bypassed pay, and from the presentation it looks like it'll be at least as good as the first one, if not better. 128 wells is a lot, 64 net is a good number. If I was a company looking to enter this play, donnycreek would be the only way. If I were any of the players already there, I'd be thinking about swallowing this sooner than later. Anyone holding this now is way ahead of the curve. This is a perfect play going into the end of the year. Very solid, very concentrated shareholders too. That's been critical for every successful story that I've seen. Those buying stock need to tuck it away as this is not a stock for traders. The low share count = massive leverage. Let the drilling begin.