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FORENT ENERGY LTD. V.FEN

"Forent Energy Ltd is an oil and gas exploration, development and production company with mineral rights holdings, reserves, and production in Alberta, Canada. The company does a production of oil reserves through development drilling on three core properties in south-central Alberta; Twining, Provost, and Wayne. The majority of Forent’s production is generated from these properties. The firm generates the majority of its revenue from Oil sales."


TSXV:FEN - Post by User

Bullboard Posts
Comment by oilspringson Jan 19, 2013 9:46am
205 Views
Post# 20861036

RE: All good

RE: All good

its possible that they may have had offers for the mervin property while they were doing a search for a partner for the montgomery property in alberta so the sale process may have been made easier, i doubt that they would have had enough knowledge from blackshale so soon after spudding to sell mervin, but maybe they are just that confident or maybe they have somerone lined up to partner with in nova scotia and need the money for drilling out east, either way i like the decision, now lets hope we find some oil  The concern i have had is what will Mrs Forgeron do with her 30 million shares. She sold 100,000 back in september, will she sell more into strength? She has every right to do what she wants, but it could create a overhang on the share price if she continues to sell again.

Bullboard Posts

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