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Silk Energy Ltd SLKEF

Silk Energy Limited is a Canada-based resource company. The Company acquires undervalued oil and gas assets in Kazakhstan. The Company, through its subsidiaries, owns a 50% interest in the KMG Ustyurt license (Ustyurt). The Company focuses on exploring and developing Ustyurt, an onshore oil and gas concession comprising approximately 6,500 square kilometers in the Caspian Sea region of the Republic of Kazakhstan.


GREY:SLKEF - Post by User

Bullboard Posts
Comment by millrighton Feb 20, 2008 4:00pm
141 Views
Post# 14402058

RE: NEWS another one for you all Drill results

RE: NEWS another one for you all Drill resultsI think you guys really do think these are fantastic results. Did you look at some of the dismal grades in those holes. Even the best one selcted for the headline was no hell, and some of the others were terrible. You're all willing to ignore the fact that recovery costs are likely going decrease revenue returns on these deposits, but even ignoring that, look at some of those holes in the .20% and .30% range! I know Darcell or his protege wannabee geologists on here, don't believe in a cut-off number like some of those real life geologists and engineers use, but if there was one just how low would it be set, so some of these holes got included? You guys remind me of a bunch of ladies gathered around admiring an ugly baby. You have to say its beautiful, but in your heart you hope it gets there with age. The baby might. No wonder you can't wait to see what's deeper.
Bullboard Posts