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Bowood Energy Inc V.BWD



TSXV:BWD - Post by User

Comment by nlr2on Aug 03, 2012 6:19pm
414 Views
Post# 20183179

RE: RE: Warrants

RE: RE: Warrants

Ya I did mean rights package sorry. Mine have shown up in my RBC account but I have no clue how to use them.The consolidation will occur along with the name change directly after the 17th when the rights offering closes. At which point we would have about 30 million shares outstanding, roughly, my guess. We would also have a million to two million in cash and a 7 million dollar credit line. One would think they would acquire another company or a producing property or something to get some cashflow and use shares to pay for it. Then unless the Blood Tribe gave them an extension they have to drill some wells, 1 or 2 can't remember in order to keep the lease. Now though they should have 3D and cores from Kipp so things should go better. They can't really go worse. Deethree uses 3D to define the edges of the sand that creates their sweet spots. Hopefully now we can do the same. So to save money they could drill a shallower second white specks and another Bakken attempt and maybe some armada wells or other conventional targets? Get some cash flow. Is everyone using their rights?

 

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