Traverse Energy Ltd TVETF

Energy Oil & Gas E&P

Traverse Energy Ltd is a Canada-based company. The Company is engaged in oil and gas exploration, development and production activities. It conducts its operations in the province of Alberta. The Company’s assets are located in the Carbon, Turin and Greater Coyote areas of Alberta as well as in the Duvernay land base located in the Buffalo Lake, Chigwell and Pigeon Lake areas of Alberta. The Greater Coyote area includes properties in the Chain Lakes, Coyote, Hanna, Michichi, and Watts areas of Alberta.

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Traverse Energy Ltd > Best/worst/probable case scenario?

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Comment by Theconsortmanon Sep 10, 2019 12:42pm

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RE:RE:RE:RE:RE:Best/worst/probable case scenario?

Partial term drilling leases and licences will sell for a discount. Big capital needed to drill Duvernay wells to retain land. Hard to buy land if unsure you have the Capital to retain (drilling). Hopefully the founders did not stick all their $$ in this. Looks to be finished.

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