Northern Spirit Resources Inc. Rights V.NS

RE:RE:RE:RE:RE:Great quarter

[mike49]

Consortman- there is no market favour in the patch anywhere,really. Doesn't mean there isn't value.
old coots like me with oil in their blood keep stuff like this in the kitty,just because.
can't hurry love.
And swing for the fence is 5 to 8 mil on a duve drill or wells stuck behind pipe hoping for offtake.
Anyway, for method- banff/Exshaw often referred to as 'alberta bakken'. Depending on available infrastructure and how the tickle is done, economics make sense (if not too gassy).
I expect that if atu likes what they see in the test vertical (control) well they will risk a horizontal for a modest amount of capital. We'll see what mention is made in the next md&a.
side note....occurred to me that altura might make a bid for point loma's rex play next door to home.
That is a decent parcel but would mean working in the existing jv and that might not float the boat.
down the road,if atu is sniffing around gxo, the entice play makes sense.
Stay safe all