hello folks once the bit is in the ground i might bite.i'm encouraged by the fact that the stated target seems to be oil and no mention of any frac yet...just to keep the locals happy and not rock the boat.threw an iron in the fire so to speak with some small stuff in ab. too and revenue from existing is decent for co. this size.still pretty cozy with the mining game mentality(moneys paid to directors for this and that yadda yadda)but maybe there is a true effort at changing the mindset.
been looking for a true wildcat in north america lately-good luck-but seems to me fen pegs their own success at 20% and pretty well going all in.worth the risk to me but not the whole farm.
hope would change to confidence if a little more drill/technical/completion stategy was available.
glta