Kicking Horse Energy Inc. V.CEX

What is the property worth, once proven?

[vlad2b]

Hi, Stateside:

What is the CEX share of the Alberta property worth, once reserves are proven? How many BBL of oil (recoverable) are we looking at?

That should give us a reasonable idea of a corect valuation for CEX, discounting the other holdings to zero until the permission to devleop has been granted by NB and Quebec.

Vlad

[stateside]

All too early to tell.  Donnycreek provides a better example of the potential here.  Way too many CEX shareholders willing to dump for a penny.  Management killed the share structure and placed shares in every Tom, D#ck and Harry in Canada instead of in stronger hands. stateside

[momentum_seeker]

They have sold stock to every Tom, D#ck, Harry and now Clayton... Make no mistake, this was a well placed strategic investment.   Clay Riddell is Chairman of the Board and Chief Executive Officer of Paramount Resources Ltd., where he has been an executive officer since 1978. Until June 2002 he was also President of Paramount. He is a director and Chief Executive Officer of MGM Energy Corp