GREY:CLLZF - Post by User
Comment by
cartach13on Apr 26, 2008 10:25pm
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Post# 15012936
RE: Good Post ! Referring to Deer Creek - whalen
RE: Good Post ! Referring to Deer Creek - whalen I'm referring to Deer Creek Energy Company and it's Josyln Project. Now delisted and a subsidiary of Total E&P Canada and located 50 miles north of Fort McMurray. I'm aware that the Deer Creek and CLL projects are in different areas and each may have their own set of problems. My only point is that Deer Creek is a good example of an investor [Total] paying a huge premium for a project that was unproven at the time of takeover and has subsequently proven a costly failure. Large investors, as a result of lessons learned from such oil sands failures as Deer Creek,and no matter what the actual reasons for failure and regardless of location, will tend to take a wait and see attitude before investing heavily in a new project such as CLL . That in my opinion is a main reason why the SP has been held back despite the lack of problems and all the good news we have been receiving about CLL over the past few months.CLL is fast becoming a proven project and I think the Management Discussion section of the Qrtly. Report will bring everyone up to date on all of the posititve progress,do much to dispel remaining uncertainty and turn things around with regard to SP.