KEROGEN WILL FLOW!!! From MDA: The Company has began the process to take steps to achieve its goal of applying for a pilot project on its Pasquia Hills oil shale lands in 2011 / 2012. The company also completed three separate acquisition and farm-in agreements resulting in increasing its working interest in the southern permit which has an identified gross contingent oil shale resource estimate of 1.878 billion barrels of oil distillate from 33.33% to 85% which has significantly increased its net oil shale resource value from 625,937 to 1.596 billion barrel of oil distillate.
The company’s focus for 2010 and for the remainder of 2011 has been to pursue the goal of bringing its Pasquia Hills oil shale project to pilot production in 2012 / 2013 which will involve completing the scoping pre-feasibility study and the preparation of an independent NI 51-101 engineering evaluation report which is expected to provide a 25 year cash flow and attractive project economics and resource value for the company oil shale permits.
Financials not so bad: The Company has never recorded net income.
"began the process to take steps..." WOW! Talk about taking affirmative,decisive action. And 1.56 Billion barrels of Kerogen flowing this year for 25 years! You'd have to be nuts not to buy into this gem. I bet the Corporate Headquarters even gets a Phone this year...and you can quote me on that!
I hope they got their 3 best followers tracking down that Bankruptcy poster,scouring every Obituary and posing as ordinary shareholders at every Company event to follow and identify.Just because they got only 1 well producing at a loss,the flagship Turner Valley well not producing at all and no one wants to buy it,they do have a 3-phase pipe line and 1.56 billion barrels of Kerogen bearing rocks. Nobody can go bankrupt with those sorts of assets.
PS: Nice roadkill WD40