TSXV:VER.H - Post by User
Comment by
FATBIDSon Nov 29, 2010 7:47pm
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Post# 17773412
RE: RE: News Release
RE: RE: News ReleaseSorry, forgot to Hilite everything
Here are the key words of the NR and they are mention that the JV partner is accumulating even more land than the 90,000 already mentioned.
As announced on November 4, 2010 Vecta has signed a letter of intent with a non-arms' length private company to enter into a 50-50 Joint Venture to participate in the Exshaw/Bakken light oil resource play in northern Montana. The Joint Venture Partner continues to assemble additional land holdings for the Joint Venture which are deemed prospective for the Exshaw/Bakken formation.
I think this may be huge if financing goes through. Now you have it:
50/50 Joint Venture
Assembling Additional Land Holdings