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Altima Resources Ltd V.ARH

Alternate Symbol(s):  ARSLF

Altima Resources Ltd. is a Canada-based company, which is engaged in the exploration for and the development of petroleum and natural gas in Canada. The Company is focused on acquiring undervalued oil and gas assets, exploiting existing low risk high return asset enhancement / development / optimization opportunities. The Company acquired petroleum and natural gas properties in the Red Earth oil property in Alberta and a number of smaller assets in Alberta and British Columbia. The Company's subsidiaries include Altima Resources Ltd., Unbridled Energy Corp., Crimson Oil and Gas Ltd., Unbridled Energy USA Inc., Unbridled Energy New York LLC, Unbridled Energy PA LLC and Unbridled Energy Ohio LLC.


TSXV:ARH - Post by User

Bullboard Posts
Comment by letsbefriends1on Jul 21, 2011 7:35pm
203 Views
Post# 18859187

RE: RE: RE: RE: Aug 16 debt deadline

RE: RE: RE: RE: Aug 16 debt deadlineI am frustrated, not only with ARH but a couple other companies as well for not following their timelines at all and not letting us know what's going on. In the oil and gas world I work in - the real world it seems - when we can't meet our targets we a) better have damn good reasons for it and b) make sure we message things correctly.

The tie-in was complete in February and we haven't heard a word...just an anecdote in the MD&As about it coming on "soon". The Chambers drill was supposed to spud last year and we're still waiting. I understand it's been raining a lot so I guess I can give them some leeway there.

I'm ever the optimist and am an investor as opposed to a trader, so I'm as patient as I can be. I just wish there was some more transparency and accountability at some of these juniors. Needless to say, I'm glad I don't invest in spec stocks on margin and that I have nothing but time for my "investments".

Sorry for the rant, but I'm just frustrated. As much as I can't stand 'I-don't-own-shares-in-this-company-but-will-constantly-deride-it-for-the-good-of-mankid' people like kenbull, I equally can't stand 'rah-rah-sis-boom-bah-debt-and-negative-cash-flows-with-no-revenue-don't-matter-and-blind-faith-will-reward-us' type people like jjeeryy.

Probably just made myself two "board enemies" with that sentence. Maybe I should change my moniker...
Bullboard Posts