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Canadian Imperial Venture V.CQV.H


Primary Symbol: CIMVF

Canadian Imperial Venture Corp is engaged in the business of identification and evaluation of assets in Canada.


GREY:CIMVF - Post by User

Bullboard Posts
Comment by Barrheadon Apr 02, 2008 10:40pm
457 Views
Post# 14933065

RE: Huge buy

RE: Huge buyIMO we are dealing either a couple of iceberg orders or very frustrated shareholders that just want to move on to another stock. There are a fair amount of outstanding shares, and also to date the added expenses of a typical semi-frontier slow drilling start up and its limited progress. Now that they are drilling, the bit will turn at the same rate no matter where they are in the world based on previously assembled information. I am quite happy that they have opted for an extensive amount of surface casing, that may provide the added protection in case of possible problems now that they are beyond the bottom of the surface casing.

Despite all the planning and well protection, they will need to still stay on the ball and ensure the bit heads in the right direction towards its down hole target. As they are drilling, they should intercept various seismic indicators that should correlate to the sample cuttings coming back to surface, and be able to adjust their drilling chart timelines, and selection of down hole drilling assembly and mud circulation to maximize the rate of penetration.

All of this drilling at 2K-39 is almost like steering a submarine underwater, or a ship in the fog via remote control to its target, while depending solely on the correct mapping system and relying on mechanical, fluid and electrical equipment not to fail at the same time to prevent endangering any lives or its cargo. There is a lot of responsibility riding on the well site personnel, and we trust that they can adjust to various conditions on the fly to arrive safely at our bottom hole target. It has been done countless times at other well sites and for CIVC that would be a Huge success, otherwise it will be Goodbye for the CQV share price with or without the icebergs.

Regardzzz................................Barrhead
Bullboard Posts