Alphastox Provides an update on High North Resources Ltd.High North (HN.V) - Redhill owns 12-13% of High North, plus has land that they have optioned to them.... good coverage and read. Don't forget to check out the link......
High North has been a big winner for many Alphastox subscribers over the last few weeks. We first initiated coverage when the stock was trading around $0.40 and continued coverage around $0.35. The stock closed yesterday at $0.57 and hit a high of $0.59 a couple days ago. High North is currently producing 350 boepd from their first two Montney wells while a third well is currently undergoing production testing.
The interest is not only building on the retail side but a number of institutions have expressed interest in the deal as well. Keith Schaefer, Editor of the Oil and gas Investmetns Bulletin wrote a report on High North which can be found
here and I highly encourage everyone to take a look. This report is being redistributed by Eric Coffin (
Hard Rock Advisors) and Lawrence Roulston of
Resource Opportunities so the eye balls ont his story is huge. I think HN.V is one stock that needs to be watched right now. Colin Soares, President and CEO of High North has turned this company into a Calgary-based deal and will now be focusing on exposing his story and building value for his shareholders through continued production growth. He has an impressive track record in the oil and gas industry and is looking to repeat his success with High North.