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News Focus
Saturn Oil & Gas Inc. Announces its First Development of Cardium Wells at Brazeau and Continued Successful Development (click to learn more)
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Bullboard - Stock Discussion Forum Petroglobe Inc. PTGBF

Energy Oil & Gas E&P
"PetroGlobe Inc is engaged in the exploration, development, and production of oil and natural gas in Canada. The Company holds interests in Pembina Cardium light oil, Pembina Edmonton Sands natural gas, and Red Earth Slave Point light oil properties located in Alberta, as well as Sawtooth oil property situated in the Grand Forks/Taber area in southern Alberta."

GREY:PTGBF - Post Discussion

Petroglobe Inc. > Re News !!!!!
View:
Post by capricorn2 on Jan 29, 2013 9:17am

Re News !!!!!

Pumping oil . Finally .GLTA
Comment by uograd on Jan 29, 2013 11:17am
Why are you excited?  That is pathetic.  Currently producing about 15-16 bopd so about 4 bopd net to Petroglobe after only one month of production plus major water. The game is now over here.  Bank will be calling their loan for sure.
Comment by willo21 on Jan 29, 2013 11:16pm
Have to agree. They would have got more oil by changing the oil on a wheelbarrow I wonder what their next move might be. It don't seem to be too many more moves left. It shouldn't take to feb 6 for them to make a decision on whether to keep drilling or not.Sure don't look good.
Comment by uograd on Jan 30, 2013 8:40am
No chance Lone Pine exercises that option.  Their financial situation is a mess these days as well so they will take their loss and move on.   It definitely looks grim here. The next move will be Strategic Alternatives.
Petroglobe Inc.