At the Moment Essentially Zero to report.The market ask has improved to a dime.Only at the last moment.Many days in the past month no stock trades.
I attended the annual AGM and as last year was the only non employee or director there. I like face to face because you can learn a lot in that manner. I did pick up some addiional info abut the Manyberries project.The CEO hopes to shoot 2d all around the property perhaps in the fall if he can find a JV partner. Accrding to the info.I got 3d has been shot a well location spotted but they want to know the extent of the field hence the fall 2012 proposed 2d shoot.
According to the CEO the MVP is dead.However my thinking is not so fast.NG has gone up 35 cents in the past month and if I had been writing this on the 5th of July it would be up 50 cents.This is the market at work here in the USA. As far as Rosetta ,Anchuzt,and Newfield there is not much to report. According to the CEO info is so tight that he was using binoculors to try and find out what was going on!! Anyhow there is a good story of how he got the royalty interests and you will have to ask him! Moving over to the Alderson Ab.project at oil above 100 bucks ther is enuf money coming in to pay off the monthly expenses.With oil below 80 there is a problem.. Speaking of money the CEO is very careful about the spending and shareholders have no worries about the bucks being wasted IMHO. In regards to the SDL's in the MVP area he would like to sell them.I think he would have to ask big bucks for them again IMHO. SO he will have lots to talk about to prospective JV 's with 4 projects.I was very tired from travelling and an illness so thats about it.
Addional shale play in Alaska. A small but growing company based in San Diego has a geo.on staff who has a theory that the oil in the Bering sea migrated fom the land shales into the sea. So they bot a slug of land ROYLwill start to work on this theory. An outfit called Graet Bear is also testing this out, they spudded a well this week and we shall see.Petroleum News out of Anckoarage(spl)Ak. is on top of this story.Lots of Patience required in holding IFR.Best regards to fellow shareholders.Onehafnorse.