Presentation...https://www.vectaenergy.ca/presentations/vecta_corporate_presentation_march_2011.pdf
Excellent corporate brief....back with the .20CAD assumption on the $32M financing...assumes 233.6M Outstanding Shares... interesting thing is I assume they needed a # to estimate but it is a terrible telegraph.....given they are are already at $.22CAD and VECTA O&G a.ka. Tom Coffman owns 40% of VER.V. Seems like there is 50%+ shares in super strong hands and the price would move higher once the pre-JV momentum crowd flew.......
personally I am in for the largest investment of my life with a lot of shares acquired in the FATBIDS JR wars of '08 and '09.....
I like page 17 the best where they mention the project is self funded in year 4 with a full project of 622 wells. They certainly are thinking big of hitting the home run after a lot of success with singles and doubles as Vecta O&G techies......T. Coffman must have millions and is looking for a larger pie.
Also interesting is the 80 wells 'penetrating thru the Bakken" I assume they can be brought into production or are already producing and can aid cash flow.... would like to know more about that......
I am in for the long haul and think we will be on radar screens either as a low cost entry to the Bakken or as a potential acuisition of land and much needed technical know how....
My other favorite play is SSN.V and LEA.V.
GO VER!!!!!
Art