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Silk Energy Ltd SLKEF

Silk Energy Limited is a Canada-based resource company. The Company acquires undervalued oil and gas assets in Kazakhstan. The Company, through its subsidiaries, owns a 50% interest in the KMG Ustyurt license (Ustyurt). The Company focuses on exploring and developing Ustyurt, an onshore oil and gas concession comprising approximately 6,500 square kilometers in the Caspian Sea region of the Republic of Kazakhstan.


GREY:SLKEF - Post by User

Bullboard Posts
Comment by Buxom1on May 12, 2009 5:30pm
171 Views
Post# 15987800

RE: Langmuir #1 Update - Dewatering permit

RE: Langmuir #1 Update - Dewatering permitDrillbit,

According to SEDAR's August 24, 2007 NR, on page 6:

"Due to the encouraging drill results to date, the Company has commenced with the permitting processes for the dewatering of the Langmuir No. 1 Mine. Depending on the permitting process and the completion of the closure plan required for the advance exploration at the Langmuir No.1 Mine, the Company intends to begin dewatering as soon as possible, which could be as early as October 2007."

I am curious if to anyone else today's nr reads very similar to the same point they were at in August 2007?

If memory serves me correctly there was much discussion about this after the Oct 2007 date passed with no action on dewatering. I recall Allbusiness06 saying that millright was a fraud for saying ISM had not applied for a permit back in early 2008. Allbusiness06 even posted that he had contacted the "ministry" to confirm that an application had been made. 

Today's NR doesn't say that the an application has been filed, but that some necessary preliminary work is in progress.  Is this how others read this release?

Happy Trails,
-B1-

Bullboard Posts