49 North Resources Inc V.FNR

Alternate Symbol(s): FNINF

Financial Services Asset Management

49 North Resources Inc. is a resource investment, financial, and managerial advisory company. The Company’s principal businesses include investing in a diversified portfolio of common shares and other securities of resource issuers including, without limitation, resource issuers engaged in mineral or oil and gas exploration and development, with a view to achieving capital appreciation of the portfolio. It invests in all sectors of mineral exploration as well as oil and gas exploration and production around the globe. The Company’s portfolio is comprised of investments that are predominantly Saskatchewan focused on private and public resource issues at various stages of development. Individual projects range from grass roots exploration to near feasibility in the minerals sector and early-stage production of hydrocarbons.

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49 North Resources Inc

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Comment by chucker6on Aug 23, 2011 8:11pm

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Post# 18972929

RE: RE: RE: Red Pheasant

Once the wells are cased more worked is required to access the 2 pay area's. I'd be lying if i knew the time frame till the well's start producing and what kind of production. Heavy oil wells according to Tom can produce from 50 to 150 bpd. Other heavy oil producers have wells at 500 bpd. 10 wells at Kindersley pumping 450 bpd.
I recommend listening to the latest CC to get a better understanding of Allstar's potential. I will report when i see the cased wells are now oil wells, hopefully soon.

This might help.
https://www.fnr.ca/images/file/Press%20Release-Red%20Pheasant%20Drill%20Program-2010-12-20%20(R0452107-2)1.pdf

https://en.wikipedia.org/wiki/Oil_well

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