Canadian Imperial Venture V.CQV.H

RE: Mr. Miner what a pleasure to see you post

[mineralminer]

I was quite shocked to see that post was erased from that other site. This stock was brought to my attention by an elderly woman who believed she was buying some great boon of oil hidden on the west coast. A 'Shill' had spirited her meager pension money to invest here. I did a little research on this I was shocked when I read this in the NFL Western Star News;

“These are old, hard rocks, with lots of faults, but we’ve got a big rig,” said Langdon.

 Millan and Langdon said the initial results of 20 million barrels indicate more oil is nearby. They say their seismic results have been reviewed by 10 experts. The companies speculate the find has the potential to deliver 500 million barrels of oil.

“This is conservative. This could be twice as big,” said Langdon. “If this is true, the economic significance to the west coast and the province will be significant,” said Millan.
“We’re talking numbers comparable to (current offshore oil project) Terra Nova.” 

Shoal Point Energy — which also has gas exploration interests in South Stoney Creek in New Brunswick — said it has spent $7 million so far on the Port au Port oil find.

 “Finding it is the great part. Developing it will take a lot of money and effort,” said Millan.

Oil exploration and development is cheaper on the west coast of Newfoundland than the east coast because drill rigs are near coastlines and many operations are based on land.

01/03/08

 I would be very careful with this one now.

 MM