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Altima Resources Ltd V.ARH

Alternate Symbol(s):  ARSLF

Altima Resources Ltd. is a Canada-based junior energy company. The Company is engaged in the acquisition, exploration and development of petroleum and natural gas properties in Western Canada. The Company focuses on acquiring undervalued oil and gas assets. It also focuses on long life petroleum and natural gas prospects in select core areas to grow its reserve base through drilling and strategic acquisitions. Its Keg River Light Oil Production consists of seven producing oil wells, one Keg River Oil unit and stable long-term reserves. Its Twining Light Oil Production consists of two wells producing from the Nisku and Pekisko long life oil zones. The Central Alberta oil and gas assets are comprised of a number of non-operated working interests and non-operated facility interests. Its subsidiaries include Unbridled Energy Corp., Crimson Oil and Gas Ltd., Unbridled Energy New York LLC, Unbridled Energy PA LLC, and Unbridled Energy Ohio LLC.


TSXV:ARH - Post by User

Bullboard Posts
Comment by tofinoTon Nov 08, 2010 10:54am
266 Views
Post# 17673338

RE: RE: Quickly went through my sources...

RE: RE: Quickly went through my sources...

J78.

No doubt about that J78. The only reason this Co. is still solvent is the Huntington ForeBear Agr. Nothing about the balance sheet supports any type of share purcahse. This is a three-legged, grey horse, in Lane 8, trying to win in the mud.

That being said, IF that drill went in, and IF it returns some dynamic results, it could be a wild ride. Same risk as placing your bet on Black-8 in the casino.

Still, GLTA, because there were a lot of people who got into this with the merger, willingly, or not. Why they did the merger in the first place, makes me wonder what they thought, think, they have. This drill result, if it ever comes, is the ONLY thing on the horizon that can save ARH. IMHO.

Bullboard Posts