GREY:CAZFF - Post by User
Post by
Deadcowon Oct 18, 2014 2:44am
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Post# 23040120
Can u please refresh my memory Buyvalue ?
Can u please refresh my memory Buyvalue ?Hi Buyvalue,
can an you refresh my memory please.
We should be waiting for Lennox results soon, right ?
if I remember correctly Lennox should have been fracked on the 16th after a 10day delay because of rain. That means 3weeks from the 16th we should get results ??
broadcaster has been pushed back to allow for drilling on the new Igloo well, right ??
am I missing anything else ?? I'm just trying to figure out what announcements we are waiting for and their timings .
Only thing really piss*ng me off here is my many attempts to contact management and got no reply. Back. I even sent them an email on the new Igloo wells from Yates Petroleum a week before they announce anything and told them that " aren't they supposed to infirm the market " with the latest updates.
anyhow, the new acreage in my opinion is a great deal, they're just paying for 60% of the cost of the new well and with that they basically get a 25% revenue interest in the whole acreage (120 acres net) and if my info is correct this is a sweet spot and should give us good results !!
Caza is a great buy at these levels !! I personally added to my already huge position at 0.24, 0.25,0.255,0.26 & 0.27. And if we get another pull back I will add again to my position.
if you remember many months ago my only concern was Oil. I don't think this sell off will go for too much longer if it's not already over. There are so many reasons why Oil can rally any moment, and everyone seem to ignore that. I think before year end Oil will be above $90 again. We've got issues in Libya, ISIS approaching Baghdad, Ebola could cross over to neighbouring Nigeria, and Finally winter around the corner. And who knows maybe the Saudi's can create a run on Oil by cutting production after ISIS are dismantled !!!
Anyhow GLTA
Cheers
Deadcow