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Centric Energy Corp V.CTE



TSXV:CTE - Post by User

Comment by diogneeson Nov 29, 2010 10:08am
334 Views
Post# 17769878

RE: 0.57

RE: 0.57This deal does not past the smell test in MO unless it is a share exch offer   First they announce potential reserves on the Tullow JV in the 2 - 4 billion b. Then they give away 50 % in exchange for spending $30 mil in exploration.
Before they spend a penny they now come up with reserves of 10% of the original estimate.

Unless it is a share exchange offering this is right up there with the Great English Train Robbery
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