TSXV:PEC.H - Post by User
Comment by
Grizzle1on Nov 02, 2012 3:10pm
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Post# 20556489
RE: Bow Wow.....
RE: Bow Wow..... Yes Skier - tempting to walk but kinda depends on your average. Anyone over 20c would be crazy to walk at 5 - with around 10m in the bank, its currently trading around cash reserves but with 1.9m acre landbank and 750mbbl unrisked valued at zero, I figure its worth staying for 12-18 months to see what comes out the wash.
Suspect a take out early next year for someone who wants the huge licence acreage, and if the unconventional play JV goes for phase 2.
GL and see ya on the other bbs
Griz