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Granite Oil Corp GXOCF

Granite Oil Corp is a Canada-based oil producer based in Calgary, Alberta with lands and operations located in southern Alberta. The company is engaged in the exploration for and exploitation, development, and production of oil and natural gas. Its Alberta Bakken Properties are located in southern Alberta at the south of Lethbridge.


OTCQX:GXOCF - Post by User

Bullboard Posts
Post by natureboy16on Feb 08, 2012 10:53pm
313 Views
Post# 19507343

Prospects

Prospects

Keep up the good work Wisee.  I think I may end up drinking some bubbly too, eventually.

TORC will eventually drill a boomer up on the north JV lands.  Marty said in August that he heard that they had tested better than 1000 bbls on a well on TORC's own land next door to us.  He substantiated that by the fact that land sold for more than $4m per section the following day - verifiable data.  No one would pay that unless the test rate was for real. 

The SAB will eventually come in for DTX.  It will take some time as the land spread is so darned huge.

The Belly River is coming in as we speak.

The Sawtooth is going to make a nice low decline 500 to 800 bpd play as it matures.

The Montney  - I don't know.

It is not puzzling that we are going up in price.  What is puzzling is why did we go down as far as we did?  I have to admit that it was hard to look at the stock price up to year end.  I am glad I had the fortitude to not sell.  I was second guessing myself every day.

 

nb

Bullboard Posts