Brixton Energy Corp PMBJF

Potential

[wholesomepath]

I was talking with promotion and was told that the company is back in action, are moving forward and there should be news coming out in the next week or two. Lots of potential here as they still have the same assets from when it was trading much higher. I picked some up @3.5 .. got rid of my African oil play for Canadian

I'm really getting into the oil and metals juniors. Anyone have any countries they are staying away from? I know Mali was giving trouble for some miners a couple months back in political unstability.

[rborhi]

we can only hope for news, action, something, anything!!

[dontaskitsbigger]

No they certainly do NOT have what they use to have!! They failed to re-negotiate the surface rights to the land that contained the (supposed) Montney pool and the ERCB forced an abandonment of the two wells that they did drill in the Peace River Arch…this means that they will have to pay the ERCB back for the forced abandonment & put down BEFORE they can do ANYTHING&excl

[dontaskitsbigger]

From News release on December 22 2011:   Brixton Energy Corporation BRX TSX.V #328, 1500 14th Street SW Calgary, AB T3C 1C9 PHONE: [phone] FAX: [phone] www.brixtonenergy.com CALGARY, December 21, 2011 (TSXV: BRX) Brixton Energy Corp. ("Brixton") announces the following corporate update. Brixton was unable to reacquire surface rights to re-enter Brixton's 06-15-082-03W6

[rborhi]

From that December NR it sounds like they had a few things to work on.

[dontaskitsbigger]

Yes....they do have lot's to work on....primarily addressing the HUGE DEBT LOAD!! As previously mentioned they will need to reimburse the ERCB in addition to putting down another liability deposit (the last one was forfeited due to the forced abandonment of the two PRA wells) this would all cost a lot more than $50,000.....also their other property The Panny is on Muskeg so you can't do