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Granite Oil Corp GXOCF

Granite Oil Corp is a Canada-based oil producer based in Calgary, Alberta with lands and operations located in southern Alberta. The company is engaged in the exploration for and exploitation, development, and production of oil and natural gas. Its Alberta Bakken Properties are located in southern Alberta at the south of Lethbridge.


OTCQX:GXOCF - Post by User

Comment by Valueseeker18on Oct 24, 2018 12:08pm
93 Views
Post# 28864236

RE:RE:RE:dont panic when press release comes

RE:RE:RE:dont panic when press release comesupcoming press release could read something like this:

tamarack valley, whitecap or surge announce purchase price of Granite of $2.50 plus in cash and stock and will maintain a sustainable dividend. They welcome the experienced operations team of Granite who have experience managing resovoir pressure to maximize reserve and create value for shareholders and will assist existing operations, growth and resovoir management of the existing granite ferguson pool and all our long life, shallow decline oil resovoirs.

In adddition, Granite's long life reserves, stable production base of 2000 bbl of oil per day and significant low cost, top decile finding and development and 85 low risk well inventory will be accretive on all levels and offer sustainable growth and divindends to all shareholders. Furthermore, Granite's storage, midstream infrastructure and direct to sale refinery relationships including with utilizing rail both currently and historically will assist the combined entity in seeing increased netbacks while gaining efficiency in the supply chain going forward.

Should it be some private co, private equity or state oil national the press release could read Granite management is pleased to announce that it has received a purchase price of Granite of $3.00 plus in cash and has entered into lock up agreements and recommends tendering all shares.
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