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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Post by Tommer3on Nov 03, 2014 12:49pm

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Post# 23088734

Reserve REPORT on 100% sucessfully drilled wells "Near-term"

In the last news release the company stated:

"The Company anticipates receiving, in the near future, an updated draft reserve report from its third-party evaluator, GLJ Petroleum Consultants. The Company's previous reserve report dated April 7, 2014, and effective March 31, 2014, reflected reserves pertaining to the Company's first three wells"

This should be an interesting news release as I think many are interested to use this new report to calculate the cashflow and aplly a new X times valuation to the flowing numbers.

Cash is king...and in these markets I am sticking to companies producing cash or in the exploration stage that will show revenues in the next quarter.

November regards,

Tommer3

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