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Rodinia Oil Corp. V.ROZ



TSXV:ROZ - Post by User

Comment by dirtmerchanton Jun 04, 2013 6:58pm
112 Views
Post# 21483439

RE: I like the management here...

RE: I like the management here...

if investing in ROZ yo are going to need a lot of patience and a strong stomach.

 Rodinia's land position is very difficult to get to. Rodinia hasn't drilled since November of 2011 with no plans to going forward.  The officer Basin is an extremely expensive place to operate (see costs of previous drill program). They will need to find a joint venture or farmin opportunity (or outright sale of assets) with a company with experience, patience and deep pockets! This management team, in my opinion, just doesn't have the expertise

Not bashing, I am a shareholder. Only invested what I can afford to lose.

I think ROZ's sister company,PFC might be the better investment. Further along with their JV with Statoil

 

good luck to all

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