Keg River Formation? For all readers, the 8-25 Panny Well is already in the Keg River formation as is 99% of the wells in the area. One has to re-inject 1300-1500m3 of produced water to permissive flood, wash the rock face off in the Keg River formation to achieve a few m3 of oil. Production out of the Keg River formation has been the only show in town since the existence of Red Earth Creek. Where did all the extra land come from? At one time when it was Pemberton there was only 1 quarter section of land, this is what the 8-25 well is on, 160 acres, and another quarter section of land with a lease ready to go that was never done. Both lease rights belonged to a group and Manny Hale, son of director Jerry Hale, Pemberton became operator of the 8-25 well for a percentage ownership provided they inccur all expenses for the ownership, hence the receiver and Triumph Tubular, etc, etc, etc. What are the production reports for the last year or 2 years of the 8-25 Panny well. What is its net revenue after expenses. Why has it been shut in. How does 1 lease all the mineral rights from surface to basement on crown land when you have to bid on and licence every zone in the well individually to produce them. Is there a caveat aggrement that can be printed from Alberta Energy (the crown,and there is one), ERCB, that shows what zones BRX now owns as another company may have control of those other zones on that quarter section lsd already, hence this is how a farmout or ``etal`` aggreements are formed between producers. Why is there a 4.5 km pipeline having to be built to tie-into a facility when there is already a 0.5 km pipeline in place and tied into a facility. What is going on here as a contractor did the original pipeline for shares for debt. Does everyone have to work for shares for debt because it doesn`t pay to well as that has not been to good in the past. Its ok if your bill for $100k is paid in shares at
0.01 or
0.05 cents and the shares escalate to
0.25 or
0.50 cents, that is real good money, but who is buying, and how diluted are they. What happened to the Fairview wells, aparently only $19k was owed to the surface land owners which was never paid so they triggered the abandonment of the 2 wells. So where is the financing coming from. Raise it in private placements, about $5 million is needed to do anything at all up there. To do a re-entry on a well bore to do a directional is almost the same cost as doing a new drill, savings on casing, still need an advanced rig and directional drilling technology. Curious as to the raising of money at
0.15 cents a share, wow will this ever be diluted. Be careful, a wise thing to do is to partner up with Cenovus, a farmout of the little bit of land so direction and expertise and technology of a real oil company is used so actual revenue is made so share prices will climb. Let some group, a professional group who actually knows how to run and operate an oil company be at the steering wheel and BRX tag along for the ride and receive payments for real revenue, hence that increases the share price. The minute 1 sees a private placement for $125k-$200k that is not good, you cannot do anything in the oil patch for that money, its not enough, a 2 man maintenance 1 ton crew is over $2k per day. $100-$200k only pays a few wages or pays a few leases on company vehicles, offices, homes, mortgages, office wages, meals on wheels for a few months before another private placement is needed. Curious about the financing for this Panny and what is the actual plan. Here it trys again, do the smart thing here RS or you will be done. You need new investors, dumb ones from a different part of Canada because everyone has been down this road before. Buyer beware.