RE: RE: RE: Still looking for Vecta's working inteWell, lot's of downside and worst case scenario there. I remain optimistic. Cocky investors love to through out the "fool" label out to make themselves feel dominant. If you asked them, they would be a better driver than average too. Did you know that Mr. T. piddy da foo.
"How could we know?"
As this is a non-arms length transaction, I don't think anyone is going to get screwed. They were partners before the transaction, and will be now as well. Sure they are not the operator, but if they want funding from Canada, they will have to be fair to the shareholders. Why would any non-operator go in on a deal if they were only doing so to bend over. I don't believe any of the examples listed contained non-arms length transactions. There are many dealsI have been involved in where we participated, did not pay the drill costs or operate, and ended up with a similar NPV to that if we had done it all ourselves. I feel that the likelyhood a bad deal occuring is low. If you have been burned badly before you will forecast doom and gloom. Optimists are found to be the most successful in life even if the road get's bumpy now and again.
The known land position is spectacular. Take a look at BMO's report on the Northern Montana Bakken play. Vecta energy has a veteran team looking after things including the VP of Pengrowth. These are not some bums trying something for the first time.
If there are no numbers to calculate, it's wise to look for other reasons to hold a position. There's lots out there and gelogically they are in the right spot. I doubt NAMKAT even knows what a sandstone or a stratigraphic trap mean. It all starts in the earth, not with an NPV calculation. He seems to be upset that his numbers are not available. Well, I'd suggest going back to school and atleast taking rocks for jocks. Next time, you will be excited too, and be willing to pay more than 0.01c for your shares.
I expect no less than a loud honk and a midle finger from our pessimest as I merge into his lane doing the speed limit. (pls use the terms pumper, foo, rookie, and geologic insider in your respose) I sense your bald head is steaming.