GREY:CKVLF - Post by User
Comment by
redwoodjoleon Jan 25, 2007 10:32am
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Post# 12088731
RE: According to the Alogo site they need
RE: According to the Alogo site they need Alogo needed 5.5M to cover exploration on all 3 of their properties.
CPV's investment in the Coutts properties is all Alogo needed to set the drills loose...a number of the big boys are producing in close proximity...as for the time line, their gas well is shallow and nothing more than a 2 week drill, 2 week completion/testing.
The Lions petroleum Kansas/Missouri properties is still on the table.
Word is Lions has the necessary funding, but asked for extensions on the LOI to try and arrange non-dillutive financing. As soon as Lions completes their deal, CPV is in for 15%
red