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Petroglobe Inc. PTGBF

"PetroGlobe Inc is engaged in the exploration, development, and production of oil and natural gas in Canada. The Company holds interests in Pembina Cardium light oil, Pembina Edmonton Sands natural gas, and Red Earth Slave Point light oil properties located in Alberta, as well as Sawtooth oil property situated in the Grand Forks/Taber area in southern Alberta."


GREY:PTGBF - Post by User

Post by uogradon Apr 29, 2011 11:52am
677 Views
Post# 18506888

Not good news in the MD and A

Not good news in the MD and AI just read it and it says they are still only recovering load fluid from that cardium well in Edson which means it must not be flowing or pumping worth a plugged nickel.

Otherwise the financial picture is a nightmare.  I hope that somebody buys them out because clearly they can not continue as is.
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