TSXV:ART.H - Post by User
Comment by
Baxter4on Jan 11, 2012 10:48am
409 Views
Post# 19391102
RE: RE: One more question...
RE: RE: One more question... No, What I'm saying is your valuation is off as you are assuming that because of one iffy well (not abandoned, just suspended pending further evaluation) does not mean there is no oil on the QD lease. The potential reserves report will be updated and I'm sure you will then see there is still lots of potential on this block. Until a couple more wells are drilled there is no reason to write off Vast. Genel, Niko, Exxon or a number of other majors will be willing to gamble on the QD block, and to do that they need to buy out the present owners, which is Vast for 25%, except Niko of course which would increase their 49% share..