Another PlayDo you have some land in the area that you would like to farm-out?
The area is not gas, so I'd get some new phone a friends. There are some very nice vertical oil producers next to ACG's land. Yes, there was a financing at 0.07c, but they needed to raise money to buy the land. The reserves report will be sizable.
There is little risk here as there is public data that shows oil saturated Nordegg, as well as producing wells in the area. Yes, it will cost ~5 million to drill and complete a well, but there are large reserves to be unlocked. It could be prolific.
Trying new things is the future of the industry. This zone is a great source rock and regional studies have shown that the oil has not significantly migrated out of the zone.
And yes, the Bakken is in SE Sask, not next to Grande Prairie.
Little luck required on this one.
No further comments. Now bash away!