RE: Donnycreek now at $1.10 and moving higher As a shareholder of Donnycreek, I'd like to point out. They have done little or no marketing of the company.
I think they could do it all with a handful of phone calls to family friends and associates. They have 20 million shares out and by mid Oct it will be 25 million fully diluted.
For the time being, until payout they have 25 % of the Kakwa well # 1 with a 10 % ( I think GORR ) after payout it increases to 50 % ownership. From now on any well drilled on the Kakwa property they are in for 50 % from the start.
There only other assets are acerage in the area that have not been tested.
For some reason, you appear to have taken the position, that you could do it all better than management.
Talk is cheap. IF, you do not like what management is doing, Sell your position and move on. OR, head up a sharholder revolt and see how far that goes. For any company trying to raise funds it is close to impossible without giving away the farm. Clayton Riddell has taken a position in both companies. That has made things a bit easier for the time being. Most financings in the past have been " Flow Through " and they will come back into the market at first chance. They are not interested in the company per se, they want the tax write off and hopefully a break even on the stock. All the whining in the world will not change the facts.
I think CEX has something in excess of 225 million shares out and are getting into the territory of a possible roll back.
The next well will spud as soon as weather permits. All indications are it will be very similiar to well # 1.
Once the dust has settled and the results of well # 2 are in the books, then have a hard look at CEX. IF, it is a similiar well and the response is positive, then the game is on. If not, move on.