Interesting Nordegg and Montney Area - InterestingVery interesting reading from Athabasca Oil Sands 3rd quarter report -
shows they are clearly having success in unlocking value in the area ..
https://www.aosc.com/upload/media_element/101/01/november-10-2011-press-release---athabasca-oil-sands-corp.-reports-2011-third-quarter-results.pdf
Previous broker report also attached below
https://www.redwood-capital.com/documents/ACGPIFinancialNoteJun222011.pdf
As per report in June
While this play has demanded patience, investors can take some comfort that activity
levels in the Nordegg are fi nally starting to heat up. Anglo shareholders
stand to be rewarded with any notable success achieved on
the path to commercializing the Nordegg. With an EV of $17 MM and
~270 Nordegg sections, no other producer offers such exposure to this
emerging resource play.
Personally expect continued exploration success in the area and more mergers and acquisitions in the space .. all bodes well I believe for ACG which offers significant upside potential from current depressed levels.
D.Y.O.R.