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Altima Energy Inc V.ARH

Alternate Symbol(s):  ARSLF

Altima Energy Inc., formerly Altima Resources Ltd., is a Canada-based junior energy company. The Company is engaged in exploring and developing oil and natural gas assets in Western Canada. The Company focuses on acquiring undervalued oil and gas assets. It is focused on developing and exploring in regions, such as the Deep Basin of West Central Alberta and Rainbow Lake in Northwestern Alberta. Its assets are located in both Central Alberta and Northwest Alberta and provides a balanced mix of light oil and sweet natural gas. The Central Alberta site focuses on light oil extraction and covers an area of approximately 5,920.5 acres. Its Northwest Alberta site focuses on sweet natural gas and covers an area of approximately 3,840 acres. It also owns an additional area of approximately 800 acres.


TSXV:ARH - Post by User

Bullboard Posts
Comment by kenbull1on Dec 14, 2010 8:05pm
246 Views
Post# 17847049

RE: News?

RE: News?They have no money and no one is inclined to support them thru a PP or otherwise. If they had not been bailed out privately a few months ago the vultures would have been on them already. If and when Altima collapses the vultures will be picking the carcass at less than .04 that is why the share price is not moving. I would like to know the scenario by which this company could get rolling again even if gas was at $5.00. They have one operating well are in desperate need of more money to tie in a road and other well possibilities, how is $5.00 gas going to help Altima?

Good luck
Bullboard Posts