High North Resources Ltd HNTHF

Energy Oil & Gas E&P

High North Resources Ltd is primarily engaged in the business of production, exploration, and development of oil and gas properties. The company operates through Chemical and Allied Products Merchant Wholesalers; exporting and importing base oil; Starch and Vegetable Fats and Oils Manufacturing segments. Geographically, it operates through the region of Canada. The organization generates most of its revenues from the trading on base oil, chemicals, and crude oil.

GREY:HNTHF - Post by User

High North Resources Ltd

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Comment by drdrabon Apr 21, 2014 3:32pm

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Post# 22473636

RE:Low volume..... Buying oportunity?

I think people are looking at this reserve estimate as disappointing. I think HN should not even have done the reserve estimate until they had the surface equipment restraints taken care of. I am patient and would have happily waited until they had surface restraints sorted out completed. They then could have a reserve estimate for what the volumes the wells could actually flow at. I guess they didn't much choice though in order to at least have some numbers in order to get the money needed to keep drilling. Maybe.

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