TSXV:PAN.H - Post by User
Comment by
kanadakaon Jul 05, 2006 5:06pm
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Post# 11066265
On a positive note. Something to consider.
On a positive note. Something to consider.Keep in mind much of Panterra's lands and Saskatchewan in general as huge tracts of land that have had either non existent exploration or very limited exploration. For those of you who are not familiar with the Shackleton area gas discovery in 2002 here is something to think about. In 2002 there was a new gas discovery in the Shackelton/Cabri area that amounted to half a trillion cubic feet of gas. This amounted to 20% increase in Saskatchewans gas reserves. It was previously unknown until 2002. Cavell energy which I was lucky enough to have shares in was a little company with a large land base in the area and it was subsequently taken over. What I see with Panterra is that after looking at their drilling locations they are covering large areas early playing battleship sort of speak in underexplored areas. There is potential to have a home run exploring in this manner and in turn the risks are substantially higher. The Shackleton area now has some 2000 wells.