Post by
venture009 on Dec 15, 2023 12:57pm
Dilution
Well my prediction of diluting the shares, unfortunately, has come to fruition. They are raisng capital to throw it into Thailand. Anotrher waste of capital.They are going to spend millions of $ looking for an elephant, like they have done for years and most likely end up with something between 500 bbl/d and 2000 bbl/d (optimistic), when they have a possible 10,000 bbl/d a Sawn Lake with an initial investment of $10 million to get to 3500 bbl/d.What it does do is keep Chisholm in a high paying job and continue to live in Thailand, all at the expense of the shareholder. Nice gig, have a small investment in a company receive a large compensation and do little to create shareholder value. How do these guys continue to do this?
Comment by
Lucky2021 on Dec 19, 2023 9:15pm
Well, it all may change after we sell Alberta assets They have experience in Thailand so i dont mind if company succeed again in Thailand. Good Luck to all of us in 2024 Happy Holidays
Comment by
windymayor1 on Dec 27, 2023 11:09am
You should revisit your CAPEX for a SAGD project. Cost is much more thatn $10 mm for 3,500 bopd. Lets see what both projects bring in 2024. My take is they sell Sawne Lk and stay internationally focused.