Canadian Imperial Venture V.CQV.H

Iceburg 2000

[osmosis]

You obviously didn't lose $10,000 on this play. Hunt is privately owned and Pan Canadian is a large company currently trading at $36.50 so you would have had to invest a very large sum of money to lose that much. They didn't have a big drop in share price after the initial announcement of the results. The initial results were not what HOOPCO was looking for, they were looking for a larger find and thought that there was about 10 million barrels at garden hill. These large companies won't bother with that amount as they are just as well off to farm out the well and get royalties from the producer (CQV). If HOOPCO had known there was over 70 million barrels CQV wouldn't be in on this play. There have been estimates of over 3 billion barrels of oil in western NF waiting to be discovered. Within a year this area will probably be massive exploration efforts in this area. CQV also holds the exploration rights for EL103 which is one of the prime offshore targets. My advice to you is instead of crying over a loss a few years ago, buy into this play now as this has just begun.