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 Mar 28, 2009 2:00pm

229 Views

Post# 15879093

RE: GOOD NEWS for VGN, ATI & JML etc

Looks like Quebec wants to become a natural gas producer in a big way and fast. Wonder if management has been in touch with the government to see what specifics might be available to allow immediate participation in a vertical well, or what specific incentives are available to go it alone? I'm sure there are opportunities to share risk on a well that can be drilled once spring thaw is over. Prices for gas produced in Quebec have to be better than what is charged for gas shipped all the way from Alberta. Need to be drilling to make this company grow can't just relie on bank interest.

Cheers,

JR.

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