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Canadian Imperial Venture V.CQV.H


Primary Symbol: CIMVF

Canadian Imperial Venture Corp is engaged in the business of identification and evaluation of assets in Canada.


GREY:CIMVF - Post by User

Bullboard Posts
Comment by myamigoon Jan 19, 2012 10:07am
368 Views
Post# 19421228

RE: CNLOPB

RE: CNLOPB

These are weekly reports and the previous one from the 9th makes no mention of the project...

 

https://www.cnlopb.nl.ca/news/2012acty/wkjan09.pdf

 

... so the status change occured sometime after the 9th but before the 16th.  Page #2 of the weekly reports provides a number of definitions.

 

Drilling Operations:

All operations associated with drilling a well including casing, cementing, running BOP stack, fishing, sidetracking, reaming, logging, coring and formation flow testing as well as any downtime associated with equipment failure (or otherwise) while drilling operations are in progress.

 

There is no reason to believe that management would tell us that operations had resumed until the CNLOPB let the cat out of the bag on Monday. It wouldn't surprise me if they had approval as early as January 10th (after the weekly report was issued) and they've been working on operations since. This gives credence to to claims that they had resumed operations back on the 5th. Maybe they jumped the gun by a few days but I don't think they were that far off.

 

If what I suggest is true and current operations are to take 7-10 days then we might expect results from the cased hole test as early as today or tomorrow. If so it demonstrates how cunning management is. Hmmmm.... probably a good thing they are cunning. Would you want them less cunning? What's the term for that?

Bullboard Posts