GPI in a non brokered Financing...From the news release, and my own inquiries, I noticed that GPI is moving forward with a non brokered private placement for $1.05 each of flow-through, and $.95 each of non flow-through share units. Each unit of both non flow-through and flow-through shares have a half (1/2)warrant attached to it.
GPI has over 50 plus well targets ready to drill in Alberta alone, and they have also partnered up with Devon ARL, Paramount Resources, and Rocky Layman Resources to complete the oil & gas property exploration for 2007/08.
With the potential exploration & production assumptions from their MD & A discussion etc. It looks (to me) like they could possibly be exctracting up to 1,000 barrels(net) per day by 2008.
Wonder how they are doing on their non brokered private placement?