Bullboard - Stock Discussion Forum Greenfields Petroleum Corporation V.GNF

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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... see more

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TSXV:GNF - Post Discussion

Greenfields Petroleum Corporation > what does future hold?

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Post by partyof5 on Nov 30, 2014 10:24am

what does future hold?

Oil prices dragging this one down. Anything else to be concerned about? Is zero a possibility here soon? Comments, opinions? Thanks!

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Comment by SlowLoris on Dec 01, 2014 8:36am

There are bigger problems than just the oil price. There seem 2 possible scenarios; 1.Bahar project is reorganised as per the sep presentation, with a new investor. Remaining GNF debt is replaced by RBL facility. GNF stk price will recover. 2 No investor found, Bahar project slowly dies, at some point failing to cover GNF interest due. GNF bankrupt, ERDPSA cancelled and reawarded to friends of ...more

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