Canadian Imperial Venture V.CQV.H

website misinfo finally fixed

[santiago44]

Dunnock was right.  Alberta info read with Nf stats since the intro of the website. It really did talk about depth of water, etc. It appears to have finally been fixed in the last 24 hours.  I have listened twice to the audio of Dr. George Langdon spealing at the conference. Great work by Newlifsetyle on the Investors Village Board. The volume is very low, but if you have no distractions it's pretty darn clear.

Some points I noted from the speech:

the well cost 17 million (not 15 as noted on our website)
TD was at 3600 metres (2500 metres vertical depth)
"Potentially the birth of an industry - question mark - for the Port au Port area"
what could be a significant resource play discovery
gp shales 500 metres thick regionally
could not get full suite of logs in the intermediate section
"Can't show too much more at the moment, as this is still pretty much a tight hole"
280-285 metres of potential hydrocarbon pay
drilled very quickly (20-30 metres an hour) through some of the shales
expect will respond very well to fraccing and horizontal drilling (similar to Bakken)
this drill was originally mapped as a conventional target
if production is established  - and could be into production on next drill - mentions using tankers and trucks and eventually engineering a pipeline to the port of Stephenville

NO mention of timelien for next drill or where the money will come from
Said he could say a lot more than Steve can cuase they are not yet a publically listed company


Again, big thanks to Newlifestyle for posting this on another board.

Santiago