Brixton Energy working on Eastern Canada farm-in d I'm waiting to see news on these negotiations. Something must be going on.
news from late June quoted from stockwatch news release:
2012-06-27 02:19 ET - News Release
Mr. Matthew Dodwell reports
BRIXTON ENERGY CORPORATION CORPORATE UPDATE
Brixton Energy Corp. is in negotiations to farm in on mineral rights on 300,000-plus acres in Eastern Canada. In 2009, the mineral rights owner successfully shot seven 2-D seismic lines for a total of 64 kilometres and has completed interpretation of the information gathered.
Multiple drill targets at multiple depths have been picked and are scheduled for drilling by the mineral rightholder, and the first drill licence has been granted. Brixton's management will conclude its due diligence review upon the viewing of the final presentation, which will take place in Calgary next week. Negotiations for the initial drill program will also be completed at this time.
The company will issue a market news update once this deal is completed.
We seek Safe Harbor.