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FORENT ENERGY LTD. V.FEN

"Forent Energy Ltd is an oil and gas exploration, development and production company with mineral rights holdings, reserves, and production in Alberta, Canada. The company does a production of oil reserves through development drilling on three core properties in south-central Alberta; Twining, Provost, and Wayne. The majority of Forent’s production is generated from these properties. The firm generates the majority of its revenue from Oil sales."


TSXV:FEN - Post by User

Comment by Backwardbladeon Aug 19, 2014 6:58pm
164 Views
Post# 22857834

RE:Financing?

RE:Financing?I  hope not.  My understanding was that they were going to wait untill they got the results from the infill wells.  While not huge, should they prove positive it should add a couple pennies to the share price.  From there they would move forward depending on cash flow.  Maybe I should re-read a bit of the web page and releases.  I'm sure its in there somewhere.

I would like to see the results first and then a plan going forward before they go to market.  I would hate to see a bunch of dilution without a relatively proven resevoir.  Yes 6-12 has history, but they dusted out trying to hit it.  If it's mud fine...but either way their is no oil there yet. 

I'm still in, but I hate dilution for the sake of ongoing expenses.

Just a few thoughts
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