Forest Gate Energy Inc FGENF

Halt....

[Moneyclip]

would not be required by the TSX should the news have been bad, as it would not have constituted a material change in the fact that the Co although they have announced an oil discovery, they have never announced any viable production to date, simply the discovery itself. Only after the announcement regarding a viable, producing oil well which includes production estimates like flow rates, would bad news constitute a material change. So, I really don't think the TSX would require a stop trade to release bad news. Therefore, I dont believe the Co's request for a halt was inspired by their desire to fulfill their regulatory responsibilities to the TSX, which has previously been implied by others. I believe the Co could have, and would have, released any bad news on Friday without creating any issues with the exchange. In the event of bad news, this would have been the best strategy.

On the other hand should the flow rates be a positive, (good news scenario), then it would most certainly have required a halt as this would constitute a material change, as there is now oil were there was none before. The halt would constitute the best strategy in term of the SP and regulatory issues.
 
My estimate BOE 450, SP +++ and drills turning, remeber this is just one well!