TSXV:CVR.H - Post by User
Comment by
Ethanbrodieon May 08, 2014 11:11pm
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Post# 22541992
RE:RE:RE:RE:patience..
RE:RE:RE:RE:patience..Good evening...
I did hear back from management.
from what it sounds like, there should be results next week for the drilling. The tenders for the oil lakes should be released very soon as well, with anticipated results in the second part of the year. They are waiting for a contract from ecotecnos, so that's a wait and see. With everything they did with ecotecnos, they did very well and met or exceeded the tests their potential contractors had them perform. They are now waiting for a contract to pursue further. They are in a blackout period. and have been for many months.
All in all, this is risky, but I think long term, it is a great risk/reward opportunity. Especially if they can get one contract and get the "ball rolling". I think they will see much more traction once they get their first decent contract.
Just my thoughts.