Twin Butte Energy Ltd TBTEF

Real Questions...Real Answers

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Smart, sincere, activist shareholders can be an asset to a rapidly growing firm like TBE. Not that Saunders and team need adversaries on the shareholder side but it is worthwhile to inquire about some potentially intersting opportunities for TBE for 2013. The first question on the Waseca acquisition front is if the SAGD project that Waseca was advancing at Golden Lake part of the Tangleflags/Celtic property still being developed towards eventual activation? Last year at this time when Sprott was considering selling Waseca putting the then 3000 boe's/d,  47000 undeveloped acres and the SAGD project on the block the thought was they could get $330 million for the entire outfit. A year later TBE has snapped them up for a $200 million discount. Is the SAGD project part of the plan going forward? BTE is pushing SAGD big time with projects at Seal, Kerrobert and now Cold Lake. Thought the question should be asked now prior to the 11/14 Q3 earnings announcment and probable op's update that could include 2013 plans. Stay tuned.