New DealThe new deal is as I said earlier, a shell company, plus a small added value, the new company will a large float.
If they concentrate on Stoney Creek they will have to concentrate real hard as its been 100 years of drilling wells on
that small patch of land. Nothing really to show for it in that 100 years. Many companies marched in and none
marched out.
CEX drilled, did modern 3D, 2D, installed complex downhole slot liners with underground heat, and heated oil
above ground storage. You all know the story and their sincere efforts and expense.
CEX did well for the Irvings that own the land in the sense they cleaned up the property and all the junk wells and
debris. I think Irvings kicked in money to help clean up some wells and property, cap others to avoid environmental
issues and fulfill responsibilities.
Nothing will happen to this stock until it rebuilds, finds new frontiers to explore and starts anew.
So they came tried and they did not conquer.
There best days were the misprint or misrepresentation of the resevers that got the germans so excited several
years back and ran the stock to 3.00.