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Greenfields Petroleum Corporation V.GNF

Greenfields Petroleum Corp is an oil and natural gas exploration and development company. Principally, it focuses on the development and production of proven oil and gas reserves in the Republic of Azerbaijan. The company operations consist of The Bahar Project, The Bahar Gas Field, and The Gum Deniz Oil Field. Its properties associated with the project are located in the shallow waters of the Caspian Sea. The company's reportable and geographical segments are Azerbaijan and Corporate.


TSXV:GNF - Post by User

Post by SlowLorison Dec 11, 2014 3:36pm
314 Views
Post# 23220803

A sign from above....

A sign from above....
obviously the oil price drop won't help cashflow, but gas production can keep the lights on and the price is fixed at $3.95/mcf. Meanwhile the main thing is to restructure the ERDPSA to replace Baghlan - impossible to know from the outside what the odds are for a decent outcome. But Harkin just bought $50k of shares and $20k of cb's. That's not chicken-feed, and certainly not the action of a guy already heavily exposed who thinks that bankruptcy is a possibility - a pretty positive signal IMO
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