RE: NEWS!!!! 10 Million financing
We are now 10 M richer with 15 M more shares on the market in 4 months time.
The question now, is where will the money be spent? On the NS play to meet obligations with Triangle, or in NB where CEX has more ownership. Example the the two horizonal oil wells that are producing at 20% of what is expected. Should these wells be reworked to get the expected output, the oil will bring in some great revenue.
I do not know enough about horiz wells in shale, in NB to know if this is practical. Perhaps we drill new wells on our own ?
Comments on these senecios would be welcomed on my part.
MEiffy