GREY:WSCEE - Post by User
Comment by
Edapuson Dec 11, 2008 12:31am
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Post# 15639291
RE: BQI UNIT?
RE: BQI UNIT?
You are correct, BQI has no producing properties and have suspended all work programs for the preservation of capital...however at the AXE Lake test site #1 they were conducting water treatment, steam generation and extraction testing. Take a look at a couple of news releases dated 06/06/08 and 11/14/08.
The units were on site but have now been returned. BQI may not survive this turn down..if they do they will be severely diluted in raising more capital. All junior oil sands companies are basically worthless at the present time and are all on survival mode.
Life sucks at $40 oil.
ed