Petrolympic Ltd V.PCQ

Alternate Symbol(s): PCQRF

Energy Oil & Gas E&P

Petrolympic Ltd. is a Canada-based gold and lithium mining company. The Company is focused on its lithium exploration assets in the James Bay region, Basserode and Fourniere in Abitibi region as well as its gold exploration assets at Vauquelin and Rayon d’Or in the Val d’Or region, all in the Province of Quebec, Canada. The Li-1 and Li-2 Properties are located in the James Bay - Eeyou Itschee area, approximately 125 kilometers (km) north of the town of Chibougamau. The Basserode and Fourniere Lithium Properties are located in the Abitibi-Temiscamingue region, southwest of the Val d’Or mining camp, Quebec. Its Belcourt Property consists of 125 claims distributed in four blocks (Belcourt North, South, Central and West blocks), all proximal to one another and covering a total of 5,479 hectares. Its Rayon d’Or and Vauquelin Gold Properties are located within a gold mining camp in Northwestern Quebec, in the center of Vauquelin township (NTS 32C03), over 40 km east of the town of Val d’Or.

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Petrolympic Ltd

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Comment by livermore2on Feb 10, 2010 10:06pm

285 Views

Post# 16773550

RE: RE: RE: Superstar or anyone else ...

Don't think the company is a producer yet - just looking at opportunities.

per the last press release:

"Petrolympic is pursuing oil and gas production opportunities in Western Canada and other proven basins."

Not sure what I think of this strategy, part of me thinks there are some great deals out there in terms of conventional gas assets being divested however seems like the future of gas is going to be the unconventional shale plays.

If the company is looking for a way to deploy cash, why not re-purchase some shares. This would be a true statement to the market.

Anyone else have any thoughts to the strategy as outlined by Petrolympic to pursue other production opportunities?

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