New valuation????? VCICheck out where VCI land is!!!! AOS is very, very close to some of their land.
Subject: Bloomberg news: Reliance Bids $2 Billion for 65?f Value Creation, CNBC Says
You gotta be joking!!!!…..$2B for 65% - I’ll change my valuation of AOS based on this deal. Value Creation – bankrupt – 500M in debt – definitely a land grab and like I said – VCI has 116,000 sections
Alberta Oilsands has 140.5 gross (121.5 net) sections - or 89,920 gross (77,568 net) acres - of oil sands leases in four core areas of the Athabasca oil sands region of northeast Alberta. The Clearwater West Project is currently the focus of AOS’s oil sands development strategy.
- Clearwater Project:
28 sections (100% WI)
- Hangingstone Project:
38.5 sections (50% WI)
- Algar Lake Prospect:
51 sections (100% WI)
- Grand Rapids Prospect:
18 sections (100% WI)
- MacKay River Prospect:
5 sections (100% WI)