GREY:RGVNF - Post by User
Comment by
d22jon Feb 15, 2011 10:55pm
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Post# 18140725
REV - EUGS - Aurelian
REV - EUGS - AurelianThis is not new news; this was reported by Aurelian on December 23rd.
First Bieszczady well drilling ahead with Target Depth ("TD") expected by end February 2011
o Currently drilling ahead at 2700 metres targeting a maximum TD of 4800 metres by end of February 2011; and
o Well targeting prospective resources of up to 100 million barrels (gross) of oil in Carpathian Thrust Fold Belt Core Area.
Questions come to mind.....
(1)Here we are 2 weeks away from hitting their "Target Depth" and there is no action or volume on EUGS. Wouldn't you think that speculators would be forcing EUGS SP up a bit? (Aurelian's SP has almost trippled in the last 12 months)
(2)Two weeks away and Wolf hasn't made his final payment for the rights to McCallan, nor has he finalized a deal for shares in lieu of cash. Leads me to believe he's waiting till Aurelian hits their target before he pays up, therefore if Aurelian comes up empty he can walk away leaving us with nothing.