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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
Post by millrighton Mar 22, 2008 9:54pm
170 Views
Post# 14760679

Langmuir North

Langmuir Northfabio1 is continuing his nonsense about that one hole being a new discovery. I realize that fabio1 and God Father beerbelly jumped all over Abie's announcement of a new orebody. But after it was pointed out that Abie lied [or misunderstood] about his reasons for his dumbassed comment, and common sense set in that the company geologist was likely more qualified than an absentee wannabee, even Abie backed off [after a little apologetic backtracking]. It hasn't sunk in yet for fabio1 that Abie had a bout of premature elation - of course fabio1 isn't the sharpest knife in the drawer. The truth about Langmuir North is that if the orebody isn't delineated yet, it sure should be. ISM has had the funds to finish this, they've had the time, and maybe all that's lacking is desire or leadership. There should have been able to be a preliminary NI43-101 done on this before now. Not that its such a huge field, or that stumbling around with dewatering permits can be blamed on the delay. So when will a 43-101 be done? What could be the excuse for not doing one? Wait a couple of years for the deep exploration at L1 to be finished? The fact is that this deposit is crucial, as the low grades and potential problem with recovery economics would be dealt with in a 43-101. We'll know by the speed with which the Langmuir North 43-101 is proceeded with, just how anxious ISM is to have the public know the truth on this site. My bet is no NI43-101 on any ISM site this year.
Bullboard Posts