TSXV:WEE.H - Post by User
Comment by
diogneeson Jul 12, 2010 12:00pm
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Post# 17262145
RE: RE: just got 50% intrest in greentree field
RE: RE: just got 50% intrest in greentree fieldIf Greentree gave up 1/2 (25%) of their interest because they could not pay the $116k in royalty thet should be a pretty telling indicator of just how productive the field is.
Noticed the WEE announcement did not start of with" Mngmnt is pleased to announce etc" nor did they do any
huffing and puffing about how this deal would impact total revenues or earnings.
Looks like they really had very few if any options.
Let's hope it does not become a money pit
GLTA