RE: Latest rumor out of Nova Scotia.........From Q3: "The Company has secured a drilling rig, suitable for our requirements and have commenced our site preparation during the week of November 21st. The Company will share the costs of moving the rig to Nova Scotia and returning it to Quebec with a private company that intends to use the rig to drill one well before we embark on our program."
So what you are saying sounds accurate. Also, I dont know why we would drill a test well - we have acquired 2d seismic data, so why not go for oil? Only drilling 3 wells, you would think that they wouldnt waste 1/3 of the resources "testing" JMO on that one..
As for the PP, I have no idea since the company has not released any news. I doubt it will be a problem to fill, .14 is an attractive price for FT shares, once again, in my opinion.
GLTA