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Bowood Energy Inc V.BWD



TSXV:BWD - Post by User

Comment by nlr2on Mar 07, 2012 11:21pm
282 Views
Post# 19641635

RE: RE: RE: RE: RE: RE: RE: Two Pennies

RE: RE: RE: RE: RE: RE: RE: Two Pennies

I'm not going to sell now with so many uncertianties. I've been in this for quite sometime (bad timing by me) and I might as well see it through to the end. I would argue that as a LEG shareholder that the examples you state as being inferior to the potential of the Alberta Bakken are probably more economic as things stand now. Lower well costs, repeatablilty and predictable reserve additions. I guess the question is if Legacy feels they can or should justify 24 million on the next stage of exploration with BWD or spend that money on the gauranteed returns offered from the Spearfish, Rundle, Bakken etc. Personally if I was LEG I would take the risk because as you state the potential is staggering and would give them the scale to achieve CPG like production one day. Also if I were Legacy I would buy BWD out eliminate the annoyance which is BWD and then perhaps figure out some sort of JV with Shell or TORC. 

 

Hopefully the Conference tomorrow will shed some light on were we are at. Thats all I want, just an indication that there is a plan.

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