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Rodinia Oil Corp. V.ROZ



TSXV:ROZ - Post by User

Comment by dirtmerchanton Jan 11, 2014 3:25am
207 Views
Post# 22080865

RE:questions

RE:questions
I believe they own the land lease for 5 years.  (from 2010 I think). Its my understadning that they must do some work on the lease every year, be it drilling or seismic etc

The land leased is very different from the land PFC has. Much more difficult to get to with machinery, the rock is difficult to drill (major reason for the cost overages on the test wells) and not the same oil shows as PFC had on their land

Just because the management is the same doesn't mean anything. ROZ is in a tough place. I think if another party were interested in the land they would have come forward by now. I consider my 10K shares a write off:( but i knew the risk going in
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