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Silk Energy Ltd SLKEF

Silk Energy Limited is a Canada-based resource company. The Company acquires undervalued oil and gas assets in Kazakhstan. The Company, through its subsidiaries, owns a 50% interest in the KMG Ustyurt license (Ustyurt). The Company focuses on exploring and developing Ustyurt, an onshore oil and gas concession comprising approximately 6,500 square kilometers in the Caspian Sea region of the Republic of Kazakhstan.


GREY:SLKEF - Post by User

Bullboard Posts
Post by surething1111on Nov 17, 2010 8:33am
290 Views
Post# 17716856

"conservative exploration activities" !?!

"conservative exploration activities" !?!
Victor,
I loved the following little snippet from doingthejobs post.   I don't really have a clue what it's suppose to mean, but I thought I'd try and help everyone out by analyzing it.
"ISM, however, cruised through the downturn, and continues its conservative exploration activities without any of the issues facing LBE "


"conservative exploration activities"  What exactly does this mean?


The amount of new drill holes at the flagship Langmuir property and all the other properties for that matter  could certainly be described as "conservative exploration activities".   The grades were rather conservative too IMO.


Was it  "conservative exploration activities"  that caused them to hire an attorney who maybe didn't dot the i's cross all the t's and understand the fine print that  has led Inspiration Mining into a lawsuit concerning the ownership of the Desrosiers property  ("At this time,  the likelihood is not determinable")


What part did "conservative exploration activities" play when it came to the failed Langmuir property spin out?


 "conservative exploration activities"  could be the reason why the name of the recipient of the 6 million dollar loan has continually been omitted from company documentation.


Was the NSR purchase a result of  "conservative exploration activities"? 


My personal  favorite use of  the "conservative exploration activities" approach has to be Randy Millers compensation package.  I'm glad it was in effect when they penned that little deal.


I'm going out on a limb on this one but,  I have a sneaky feeling  "conservative exploration activities"  is the reason why aatozz  has not been able to report back on his lunch date with Randy Miller.  


Victor,  if you or anyone else has a different definition for the meaning of  "conservative exploration activities"   I'd love to read it.  I've certainly learned my lesson on asking Doingthejob very simple questions,  that he refuses to answer.  Having said that,  the comedic content  of his latest masterpiece,  I'm guessing,  was not an example of  "conservative exploration activities".


S.


Bullboard Posts