TSXV:VER.H - Post by User
Comment by
prospect_93on Nov 26, 2010 2:19pm
183 Views
Post# 17763543
RE: RE: RE: Fee Minerals
RE: RE: RE: Fee Minerals
Yes, KWK are the Cutbank guys. I have a subscription to drilling info as well. Gives us some information, but I was hoping for the complete picture when I subscribed.
Hopefully they only raise at most $10,000,000 to start. That will be sufficient for testing the play. A few vertical wells and a horizontal to test the lands should come in at about $5,000,000. If it works, they can finance again at a much higher SP. Both parties will need to contribute. A 10 million financing and only supplying 70% of that value would give Vecta Energy roughly 120,000,000 outstanding shares. I don't feel Vecta Energy will be required to come up with all the capital, but a 20% addition to keep Vecta US and them on par.
I'm also holding and buying more here and there.
Operator5, I also have a suspicion that you are Charles V. Selby himself. Your diction is in line with that of a Lawyer
and your knowledge of Vecta very in depth. Your posts should save you from replying to hundreds of emails. Would you be able to tell us a ballpark estimate on when the deal will be done?
I'm glad to hear you are holding. ;)
GL!