Sparton Resources Inc V.SRI

Another point: Sparton holds a natural gas - Today: new high

[GermanFlower]

Sparton holds an estimated 6.5% unitized working interest in the Chebucto natural gas field in the Sable Island area of offshore Nova Scotia.

Exxon Mobil (operator) and Shell are majority owners

 

Sparton’s share of stated reserves is approximately  19.4 BCF

[Dollarmover87]

They have owned this for many years. Currently has no reflection in share price.

[bantaly]

HEY DOLLAR LOAD THEM UP , I HAVE A FEELING NEWS COMING IN TOMMOROW OR NEXT WEEK ABOUT 5 CONTRACTS

[Dollarmover87]

I unloaded half last week! Trying to keep it a float. .11 going into weekend imho Bants

[bantaly]

PHONE THEM , NEWS IN NEXT WEEK DOLLAR . LOAD THE HECK UP MEN

[GermanFlower]

That's right. And when the price of natural gas rises, subsidies become very lucrative.

[Rockysweden]

https://www.rigzone.com/news/oil_gas/a/22914/Sparton_Reports_Updated_Valuation_on_Offshore_NatGas_Asset/ Changes in the valuation are based on a higher forecast Henry Hub gas price of US$5.39/MMscf as compared to US$4.00/MMscf used in 2004, and a Scotia Shelf condensate price of C$37.50/ standard barrel ("stb") compared to C$26.50/stb used in the earlier valuation. The new

[Rockysweden]

https://www.24hgold.com/english/news-company-gold-silver-receives-notice-from-exxonmobil-of-initial-development-study-program-for-chebucto-natural-gas-field.aspx?articleid=469758 VALUATION TO SPARTON The Company has reported several valuations of its Chebucto interest. The initial evaluation, with an effective date of August 1, 2003, was prepared for the Company by APA Petroleum Engineering