Market & ifr at the moment IFR cannot get above 10 cents since I last posted.It may seem like a good price to buy but you could be waiting for much longer in time. Much better to wait until you have to pay at least 12 cents a share your timing could be much better. As IFR is not the operator on the Montana properties a shareholder has to wait until Rosetta or Newfield make a move.
The same could be said for Husky as the operator in the North . Husky has significant potential as well as IFR but has much more financial ability than IFR to develop the property JV.
The market is very good long term IMHO. With the Northern Gateway pipeline proposal to move NG to Kiitimat's LNG facilitiy and the prolific shales of Nothern B.C.and AB. for supply it is a natural for markets in Asia and a money maker for sure.
I attended a three day oil company event in San Fran. in mid February and many companies made presentations.Most were leaving their Gas prone drilling and starting to seek oil prospeects.With oil at around 105 bucks a barrel anf NG around 2.50$ you can understand. It was most interesting to hear an Analyst state that their is a good chance of NG going to $7+ bucks this year (2012).His predictions were based on his many charts he has devised and the fundamentals of Electric utilities switching from coal to NG.
Meanwhile some politicians are promising gas at $2.50 per gallon if you will vote for them.As a reader of the almost 800 page book "thev history of oil ' by Yergin twice, it aint a gonna happen folks. The US according to some folks will be exporting oil and gas in a few years if not sooner.Once again do not sell this great country short.
All the best to patient and fellow IFR sharehoders.
Onehafnorse.