TSXV:PAN.H - Post by User
Post by
marvelmakeron Jul 31, 2008 7:04pm
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Post# 15349955
Bakken oil
Bakken oilQuestion:
Does PAN own the rights to all development on 160,000 acres in the Bakken formation? What are companies paying per acre (on average) for rights to develop in this area. I would like to get a feel for the potential of Bakken oil.
Methinks that the previous poster was right when he said hold this long term and forget about it. If they haven't been bought out within five years, and nothing comes of recoverable shale gas potential, I think the oil alone makes this well worth holding!
There will always be manipulators, I think though if PAN partners with a major player, these manipulators will not have so easy a time to run the stock.
Still waiting for willard2 to answer my question. Even though I got some news this month, it wasn't enough to impact the share price.
Best of luck!
Rob