Silk Energy Ltd SLKEF

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Silk Energy Limited is a Canada-based resource company. The Company acquires undervalued oil and gas assets in Kazakhstan. The Company, through its subsidiaries, owns a 50% interest in the KMG Ustyurt license (Ustyurt). The Company focuses on exploring and developing Ustyurt, an onshore oil and gas concession comprising approximately 6,500 square kilometers in the Caspian Sea region of the Republic of Kazakhstan.

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Silk Energy Ltd

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Comment by drillbit2008on Jan 08, 2010 2:25pm

244 Views

Post# 16656467

RE: RE: Drillbit, Whaler

Whaler,

LBE was dead due to very bad management with a collective Napolean complex. The Chinese saved their bacon. Although Langmuir didn't turn out as well as anticipated I would still rather own ISM becasue there is cash in the bank and lots of Nickel.

I know I will get slaked for this but Darcel is still likely to overly conservative in his estimate. Just add up the 93 Million pounds indicated & the 20-40 miilion tonnes @ .4-.5% potential and you get 489.7 million pounds. Add that to the fact that L2N is still open at depth & strike length and appears to extend into Lutha and 500 million to 1 billion pounds is a realistic possiblity.

We have time & money. What we lack is patience and thats what it will take. Unless of course if the Chinese make us an offer; i also think that is very likely.

Driller

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