Palliser Oil & Gas Corp. PSLRF

The Swedish Connection

[8675309Jenny]

The CEO, Jonas Lindvall came from Lundin Petroleum which is an independent Swedish oil and gas company, producing about 30,000 boe/d. Also he has ties to Tulsa Oklahoma. More importantly, they seem to have ties to cash. We have seen Canaccord be on big buyer, with a sprinkling of new buyers including UBS, Credential, and Barclays all buyers of this stock. That is not buying from Canada for sure. It won't take much for them to take control, or "effective control" of the company, and with the private placement at the equivalent of 19c a share for PXL, I expect to see continued buying. As with any rolled out new group, there are several levels of funding, all with different risk and rewards, and thus pricing. I think they want their next level of financing at the 30c range, which requires a share price in the .35-.40c range to accomplish with normal discounts. We have about 40 trading days to see that unfold, so it should be interesting.