TSXV:TLC.P - Post by User
Comment by
nedbradonon Jul 21, 2010 10:23am
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Post# 17284517
RE: No big houses buying in yet! Watch out for tha
RE: No big houses buying in yet! Watch out for thaThe reason for the cap is 43 million shares came free trading a month ago that people paid .075 cents for. That's a huge win and a lot of paper to chew thru. They will have to finance again, and getting at the oil out of this rock ain"t easy.
As per the news release:
Readers are cautioned that there can be no assurances that oil can be recovered from the Nordegg Member, either economically or at all. AJM did not assign any recovery factors to this area, and is of the opinion that such recovery factors will ultimately be dependent on proving the presence of economically producible oil, as well as the number of wells drilled per section, and the technology used to complete these wells.