OTCPK:BLKPF - Post by User
Post by
luke4on May 14, 2011 10:47am
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Post# 18576343
adding boe's
adding boe'sReaper,
Aren't you being a bit unkind? As you no doubt know, they sold a bunch of production and converted a bunch more into injectors from producers at Mooney. Short term pain for long term gain. That is the nature of these properties. Production will come in a step-wise fashion, not a liner one. Are you chosing to ignore this fact or did you really not know it? They have spent all their time and money building facilities and drilling wells etc on Blackrod, filing 300 plus page applications for SAGD and initiating polymer floods at Mooney. All of this activity and money will eventually add production once the SAGD starts. These wells are not on production yet. John was pretty clear at last year's AGM that a ton of up-front work and money was going to be required to have production added in chunks. If you are uncomfortable with this style of long term investment it might be time to move on to a style of investment you are more comfortable with.