Greencastle Resources Ltd V.VGN

Alternate Symbol(s): GRSFF

Energy Oil & Gas E&P

Greencastle Resources Ltd. is a diversified company. It has interests in gold and base metals exploration and oil and gas exploration and royalties. It also has strategic investments in other companies. Its segments include investments in private and public companies, oil and gas interests, and mining interests. Its investment segment comprises its investment in marketable securities and investment in private and public companies. The oil and gas segment is comprised of its oil and gas interests. The mining segment is comprised of its mining interests in Canada and in the United States of America. It has a royalty interest in one oil and gas property in Alberta. It holds royalty interests in wells located in the Spirit River area, north-west Alberta, and the Primate area in Saskatchewan. It also holds interest in the Jewel Ridge property lease. It holds a 50% interest in a 95% interest held by Criterium Energy in a quarter section of land in Alberta, called the Ferrier Project.

TSXV:VGN - Post by User

Greencastle Resources Ltd

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Comment by JR5on Feb 23, 2009 8:46am

198 Views

Post# 15797270

RE: Share price!

This is not the best time to drill for oil & gas or coal. Nothing wrong with waiting for results from other larger companies before commiting funds. Gold exploration is costly and can be accomplished via a JV or spin out of assests. VGN needs to focus on weather its an energy exploration company or a gold exploration company. Not enough cash to fund both.

Cheers,

JR.

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