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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 whaleron Dec 22, 2009 2:29am
278 Views
Post# 16609469

RE: Mid December---

RE: Mid December---So far you should see a historical trend here when it comes to delay:

1)The delay in completing the report was a result of the Corporation undertaking additional fieldwork to ascertain the strike and depth extension of the mineralization.
 
2)In addition, the updated 43-101 report, which was prepared by Kian Jensen, was delayed which had an impact on the ability of Micon to complete its report.

3) The company "anticipates the completion of the report by Mid December"

Some delays are internal and some are external, either way delay should be no surprise here. I patiently wait to see some fruition here. We desreve it after our long wait.
Bullboard Posts