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Tuktu Resources Ltd V.TUK

Alternate Symbol(s):  JAMGF

Tuktu Resources Ltd. is a Canada-based junior oil and gas development company. The Company is engaged in producing oil and gas properties in southern Alberta. The Company’s assets are located in southern Alberta consist of 29,685 gross hectares in southern Alberta near the Foothills County. The assets have a base production of approximately 165 barrels per day (bpd).


TSXV:TUK - Post by User

Bullboard Posts
Comment by 3woodon Nov 01, 2011 11:23am
138 Views
Post# 19198492

RE: RE Fact or fiction?

RE: RE Fact or fiction?I don't think Rowell would make reference to a number so large - my experience with him is that he makes a point of lowering expectations to ensure that any SP appreciation is viewed as a success. I can't speak for how he interacts with others but with me he really hasn't pumped the stock.

To address the massive number itself, it would be wonderful if it was true but without a 43-101 it really doesn't mean anything at all. In order to get some SP appreciation it has to be proven that a resource exists and for that you have to release drill results. Dixon will be dead for a long time before 600B tonnes are proven let alone mined. We need results that show the properties have widespread potential and then we need Dixon to sell it - I doubt we'll ever see a 43-101 that proves up even 10% of the 600B tonnes. That doesn't mean it isn't there but without execution it doesn't matter. Have a good day.    
Bullboard Posts