Altai Resources Inc V.ATI

Alternate Symbol(s): ARSEF

Energy Oil & Gas E&P

Altai Resources Inc. is a Canada-based resource company with a producing oil property in Alberta and an exploration gold property in Quebec. The Company has approximately 50% net working interest in an oil producing property in southern Alberta and 50% net working interest in a gold property in the Malartic Township, Quebec, which is at an early stage of development. The Company's properties are located in Canada. The Company has 50% working interest in approximately 240 acres of Alberta Crown leases in the Cessford area of southern Alberta. The 50%-owned Malartic gold property (named Blackcliff gold property by joint-venture partner and operator, Globex Mining Enterprises Inc.) consists of six map designated claims (CDC) totaling approximately 127.6 hectares (315 acres) in the Malartic Township, Val d’Or area, Quebec, approximately five kilometers (km) north-east of the town of Malartic and the Canadian Malartic mine which is Canada's largest gold mine.

TSXV:ATI - Post by User

Altai Resources Inc

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Comment by pirate4on Feb 27, 2011 11:00pm

605 Views

Post# 18203105

RE: bad news on shale

Great post. Extracting oil or gas from mother earth will never be without consequence and the the gulf oil spill last summer made it seem like the whole process is best done somewhere else. Bad mouthing energy producers when the AC is turned up and the SUV has a full tank became quite popular.While nat gas is very cheap and the appetite for production in QUEBEC is minimal right now the asset is there and beleiving it will be of little value forever is a poor long term bet. With oil at $100 and very possibly going up for months to come it could indeed be suprising how quickly nat gas prices and popular opinion change

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