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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 Jun 04, 2014 1:53pm
329 Views
Post# 22629932

RE:RE:RE:It's just a promote?

RE:RE:RE:It's just a promote?In addition to what sherbrooke1 stated, i saw this in the Q: "

The 9-26 well produced a total of 773 bbls to March 31, 2014. It has now been determined that this well requires the installation of pumping equipment which is currently underway.

Last statement before this that the wells were being choked due to surface constraints. Total output from the 3 wells is now 300bpd, where I was hoping to see production increase as surface constraints were rectified. I was pretty unhappy to see this ,so yesterday decided to sell half my shares. I will hang onto the rest for now. I realize any new company in a new area will have operations issues, so give them a bit of benefit of doubt for a while longer.


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