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Equal Energy Ltd EQU



NYSE:EQU - Post by User

Bullboard Posts
Post by Nawaralsaadion Nov 11, 2011 11:13am
222 Views
Post# 19229803

a JV for the Mississippian?

a JV for the Mississippian?I believe this line from the earnings report pretty much indicate that we should expect a JV of sorts for the Mississippian in the next few months:"The total capital to develop the Mississippian is significant so management is currently assessing alternative ways to accelerate the exploitation of this opportunity."A JV partner providing the development capital looks like a sensible way to accelerate development of the property; very similar to what CHK or SD and many other shale gas/oil players have done to finance development and realize value; any deal in that direction should be very material to EQU especially considering the modest market cap.Regards,Nawar
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