Canamax Energy Ltd DTEYF

How it stacks up

[Newsy99]

In terms of land they will get 2 sections in Brazeau- belly but need 4 million per well. 
They will get 70 percent of 2 and a quarter sections in wapiti provided that they drill a well before dec 31 -which will cost them around 1 mm, with the further right to 100 percent after 6 months. 
How do they get the cash? If they trade out of the distressed debt piece imagine at best a 50 percent flip which means they may get a couple of million in cash from that investment. If lucky maybe they make just enough to drill wapiti, secure the 2.25 and dril one in the belly. That would be a result. Where they get the cash for the other properties they had indicated they were in the process of negotiating I do not know. 
If they end up with 4 sections at a pretty low cost, that's not horrible.