Dulution This compagny is going nowhere!
They throw with dollars like it is nothing!
Where are the last three wells fore the heavy oil? Where is the second well in Joffre? Where is the compressor online @ second quarter 2009? ( it cost allmost 1 mil). Why they drill two wells at Preeceville and shoot after a 3-D seismic? That was a loss off half a milljon.
All this dulutions and trust compagnies are not good for us shareholders but for people that forms the inner circel of Nordic
The monney is going to the board and to bad dissisions as stated before there are lots off drill compagnys who can do less expansive drilling.
Two years ago they said that 500 barrels a day was on the end off that year possible. Look now: not even 300 is likely.
This compagny has lots off opportunity's but they must start telling us the truth and finnish what they have prommised.