OTCPK:STRXF - Post by User
Comment by
invest39on Apr 09, 2015 6:47pm
![](https://assets.stockhouse.com/kentico-cms/0342-00/images/Sprite.svg#id_Post_Views_Icon)
111 Views
Post# 23614505
RE:RE:Sale of Prefontaines Arrow Energy NL for $3.5B July 2010
RE:RE:Sale of Prefontaines Arrow Energy NL for $3.5B July 2010These estimates are just an exercise in futility. The two main variables are barrels/day of production and the price of oil. No one has a clue what values to use. Also, this land has been tapped before. Granted that the price of oil has vastly increased since the first attempt and drilling techniques are infnitely better than B4, there is still risk of a few dry holes. Patience is what we need. A little fun calculating potential profits, can be entertaining, I guess. Do not get me wrong, I have made a substantial investment and will buy in for more when we have some more encouraging news. But I will not peer thru rose colored glasses. Keep the faith. <br />