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Bullboard - Stock Discussion Forum Paramax Resources Ltd V.PXM

Energy Oil & Gas E&P

TSXV:PXM - Post Discussion

Paramax Resources Ltd > JV financial commitments
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Post by chokehold on Dec 09, 2010 5:19pm

JV financial commitments

Per an earlier post - this is what Mike Smith is looking to do, BUK will need to come up with their cash commitments to fulfill these:

1) Stimulation program to boost deliverability (permits obtained last Monday)
2) Drill and compete well in section 3, immediately offsetting ML1-10
3) Sign contract with Williams, begin construction of gas gathering system, with commercial production in Q1 2011.
4) Obtain down-spacing approval from 640 to 160 acre spacing





Comment by requiemeterna on Dec 10, 2010 3:30pm
You posted  some news  on BUK board but not here why?
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