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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 smithgeeon Jul 15, 2011 8:38pm
452 Views
Post# 18837852

Financials filed on sedar

Financials filed on sedar

... here is the outlook section.

OUTLOOK
This section of the MD&A presents plans and expectations of the Company shaped by Management's view of how future events may unfold. Please refer to the disclaimer Advisories – Forward Looking Statements located at the beginning of this MD&A.

During the third quarter of 2011 the Company plans to tie-in the natural gas associated with its horizontal Cardium oil well at Edson, Alberta which suffered a mechanical failure earlier in this year. The well was flowing back fracture fluid, formation oil and natural gas prior to shut-in. Additionally, the Company will continue to pursue the drilling of additional Cardium wells and preparations for a Slave Point well at Red Earth

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