Palliser Oil & Gas Corp. PSLRF

RE:RE:Prices are higher than one year ago

[8675309Jenny]

National Bank and the Swedes made an odd deal, where shareholders approve things, and then a condition of closing is raising debt and equity, "after" its approved. Then oil fell into the gutter (which may be very short lived), and now you are stuck. The Swedes who staggered around strutting their feathers, have gone into hiding by the looks of things. nothing has changed, Canadian price is just fine compared to a year ago, and it looks like Jonas and pals are flyweights, and have no real backers at all. Their forecast going to 6000 barrels is easily achievable, but the deal never should have been structured this way. however at this price, the surface equipment and tax losses have value ... we will find out soon whether the Swedes have done the Sudin playoff routine - no show - on this one. Lots of careers on the line here, amazing they are so weak.