Post by
Riotact on Oct 19, 2010 8:40pm
Hey Doc and Dano !
May I join the board !
I noticed the Parex Resource NR today stated that the environmental approvals have not yet been
received from the Trinidad Govt with respect to testing the Cory Moruga wells. PTT management must
feel by extending the warrants convertible at .55 cents to only April 14, 2011, that they will be able determine
the potential of the wells by then. So it may be a 6 month wait for a double in share price. I think we just
might have the patience.
Comment by
dano12 on Oct 21, 2010 11:53am
Hey Riotact,Welcome to the forum.Yes it has been a long wait but hopefully they get approval soon for the testing.Limited downside as the existing reserves are worth $.30/sh and the Moruga wells can only be upside.