TSXV:TLC.P - Post by User
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oldsaltydogon Jun 13, 2013 10:18am
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Post# 21519825
RE: EPAC | Oil & Gas Investor Showcase
RE: EPAC | Oil & Gas Investor Showcase This is an exerpt taken from the Calgary Herald this AM regarding EPAC Oil & Gas Investor Showcase.
During his presentation, president and CEO John McAdam of Tallgrass Energy Corp. laid out a plan that would allow the company to grow from the current 530 boe/d to over 3,000 boe/d at the end of 2015 — if it had $100 million.
“This is the dream, this is the opportunity we have so it’s incumbent on us to exercise that,” he said. “So how are we going to do that?”
He said Tallgrass has declared “non-core” everything it owns other than its Niton-Bigoray Cardium play — including its much larger Duvernay and Nordegg acreage — and aims to sell them to reduce debt and pay for drilling.
McAdam added the company is also working on “alternative” financings he can’t discuss.
Read more:
https://www.calgaryherald.com/business/Capital+freeze+puts+juniors+survival+mode/8516698/story.html#ixzz2W6d5ydFW