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Palliser Oil & Gas Corp. PSLRF

Energy Oil & Gas E&P
"Palliser Oil & Gas Corp is engaged in the exploration, development and production of petroleum including high netback heavy oil in the greater Lloydminster area of Alberta and Saskatchewan."


GREY:PSLRF - Post by User

Palliser Oil & Gas Corp. > Anderson type deal for Paliser could save it
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Comment by roscoe74on Jan 24, 2015 1:35pm
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Post# 23359369

RE:RE:RE:RE:RE:Anderson type deal for Paliser could save it

RE:RE:RE:RE:RE:Anderson type deal for Paliser could save it
I dunno about that because the PXL geniuses are keeping very quiet about their execution of the business plan. ----- Pure speculation but my opinion is that they tried to pump too hard in order to meet guidance and broke into too much water. Then they had to advance drilling of disposal wells, they needed to heat too much production water to recover oil at the same time as a cold winter spiked propane costs. ---- PXL was at the pointy end of their credit line, losing production and cash flow while the banker was losing sleep over poor execution. ---- Was the business plan sound to begin with or was the execution just plain mismanaged.
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