RE: RE: RE: 1.5 to 3 billion barrels (TRUE VALUE)Burnhard83:
I wonder if "Burnhard83" translates into "Sour Grapes" in another language?
Sounds to me like you went skiing for a few days and while you were away some of your friends loaded up on Petrolia and now you are jealous because you missed the boat.....am I remotely close?.......ah, doesn't matter. I'm sure you're just concerned about everyone and your post is not because you're bitter, you're just making a public service announcement to warn those people who might make a fortune on this play.
All kidding aside.......I bought into Petrolia quite awhile ago (October, 2009) after they made their announcement on October 22, 2009 that their drilling logs measured 474 meters of oil-soaked sandstone. That translates into a little more than 1400 feet. Now......although none of my friends would call me a genius (to my face), I would have to assume that an oil bearing property that has "OIL-SOAKED SANDSTONE" the thickness of a 140 storey building is pretty "good".......or maybe "promising".........or maybe (what I think) "pretty damn amazing". (Check out their October 22, 2009 press release additional information)
I filled my boots with shares and am so glad I hung onto them because the share price dropped down to an unbelievable 35 cents !! Thankfully it recovered so nicely and now (if I sold my position) I would have a tidy little profit. So...... now that this news article has come out speaking about the potential on Anticosti Island, grown men are pushing their sisters out of the way so they can jump on the bandwagon. All I can say is..... "Welcome aboard, there's plenty of room". You see, the Petrolia story was exceptional already, in my opinion, back in 2009. It is even a greater story when you factor in the vision that Petrolia's management had when they scooped up almost every available permit in the Gaspe Peninsula (including that little gem, Anticosti Island). The Quebec government holds the remaining permits and will auction them off at a later date (for millions each). Petrolia, (I'm pretty sure) won't be too interested in any more land because they already cherry-picked the permits with the most potential. Everybody else will now pay a kings ransom for the scraps. Just kidding....those remaining permits will be good......the geology won't change just because the permits have defined borders.
I believe, (and what do I know ??) that Petrolia will now be searching for several joint-venture partners to further develop this play. Excellent. Now they will have more money and more expertise to bring this area alive. The good people of Quebec will greatly benefit from the enormous, (high-paying) employment opportunities associated with the oil patch. The Quebec government will receive bundles of cash from royalties and taxes. They will also stop the exodus of money leaving their province which is currently spent on importing oil. That money saved, in turn, could support many programs that benefit entire communities. This new oil and gas business for Quebec will be great....and yes, I'm confident the Quebec government will ensure that "best practice" methods are used by the oil companies so the land is not spoiled.
Anyway, enough for now. Good luck to all those long on Petrolia. This story is an "overnight success" that has taken years to develop. Let's enjoy it for awhile.
Tbonepickens.