Do not discount those crosses by Jennings. Greg Chornoboy, senior oil and gas at Jennings was quite optimistic about Corridor resources who's assets are in New Brunswick. Unfortunately Apache pulled out but remains on Jennings radar. CEX's stoney creek holdings in NB are the one of largest onshore holdings by any company.
I think we could hear soething from the Government of New Brunswick on new Fracing rules VERY soon. I doubt very much the NB gov't will suspend oil and gas exploration as that would mean no jobs and no jobs = poor economy.
This low volume is textbook and if we get the news i am hoping for CEX is going to be a multi head monster.
Pescod is one of the warrant holders in CEX and he has been talking daily about Shoal point Energy who is a minor interest holder in the Stoney creek lands operated by CEX.