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Gastem Inc GTMIF

Energy Oil & Gas E&P
Gastem Inc is a Quebec-based oil and gas exploration and development company. Its main focus is to develop commercial production of the Utica Shale formations in Quebec and New York State as well as exploring the world-class potential conventional structures of the Magdalen Islands and the Magdalen Basin in Quebec. The company's operations include Yamaska Property, St Jean Block, Joly Property, US Appalachia, and the Gulf of St Lawrence.


GREY:GTMIF - Post by User

Gastem Inc
Bullboard Posts
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(97)
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Comment by livermore2on Feb 16, 2014 1:04pm
123 Views
Post# 22215678

RE:RE:RE:RE:RE:Sold

RE:RE:RE:RE:RE:Sold
You may well be right. Regardless, when a publicly traded company does a divestiture they typically need to be transparent on the sale.

When you look at the highligts in the last MD&A, you can read the following regarding the sale to Petrolia and Maurel & Prom which is also very vague:

"Gastem maintains the Miguasha permit and the right to continue operations in the Gaspe Peninsula if warranted and if conditions improve"

What the heck does this mean???

Again a little transparency would be nice - this is simple Corporate Governance!!!

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities