Silk Energy Ltd SLKEF

Financial Services Credit Services

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.

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Silk Energy Ltd

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Post by drillbit2008on Jan 31, 2010 12:44am

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Post# 16736745

Now for something even more shocking

Hang on a second. Now that I look at the LBE Redstone numbers again I see something else even more shocking.

Measured – 3,600 tonnes

Indicated – 5,200 tonnes (Victor considers this value of no demonstrated economic viability)

Inferred – 12,304 tonnes (Victor considers this value of no demonstrated economic viability)

So using Victor’s, Surethings & Nickel’s famous calculation methods I get 82.9% of Redstone pre-feasibility values are considered of no demonstrated economic value. Wow now that is truly shocking!! Could this be why they are so vigorous with their attacks on ISM? They want to keep this hidden for as long as they possibly can....wow again.

Driller

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