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Westcore Energy Ltd V.WTR.H

Energy Oil & Gas E&P
Westcore Energy Ltd. is a Canada-based oil and gas exploration and development company. The Company is focused on the development of its Success Formation heavy oil fields located in west-central Saskatchewan. It has 100% interest in approximately 9,000 acres of Success Formation land with Westcore drilled wells in production. The Company has 100% interest in 34 net sections of land in two oilfields located in west central Saskatchewan. The Flaxcombe Field and the Riverside projects are both focused on production of heavy oil within the Success Formation. The Flaxcombe/Producing Wells acquired three dimensional (3D) seismic to further delineate locations for horizontal development. It has eight sections of heavy oil land (5 net), and its field production is approximately 170 barrels of oil per day. Riverside/Success Formation has over 29 sections of heavy oil land, and it acquired over10 square kilometers 3D seismic. Its field production is approximately 30 barrels of oil per day.


TSXV:WTR.H - Post by User

Westcore Energy Ltd
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Comment by Grizzly44on Feb 12, 2011 12:11am
219 Views
Post# 18121503

RE: Reasons for modest move

RE: Reasons for modest moveI agree totally. Unless you were aware of the new issue of additional shares, why would anyone buy shares above the sale price of the new issue?
Still a great release! Imagine a pod of coal a km in diameter and an average of 40 m thick = 31 million tonnes. Each tonne is 5 BOE equivalent. Just for the fun of it.
Regards,
The Grizz
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities