Bellatrix Exploration Ltd (Canada) BXEFF

RE:Reclamation work costs

[Kherson]

mjhayman wrote: Brent Eshelman said a realistic cost might be 50 thou per well when we were speaking about Trident. As you all know I will not be contacting him again as he is far too negative for me at this point. Having said that does anyone happen to know the number of orphaned wells Bellatrix has exposure to? I know National Bank is still pro oil investing, but I find it hard to swallow the fact both the CEO and CFO are so sure it will be sold November 13th at a loss. Hard to imagine why they would not be the least bit interested in keeping any of it bumping along, but I guess they only have 5 million worth of exposure to the current stock price so who would want more exposure to another failing business when all the best companies are selling at bargain basement prices and are so easy to invest in at the moment anyway. Kind regards and GLTA Matthew Hayman 9024569894

Matt, as you know, I posted awhile back that I believe that the CCAA Protection that Bellatrix has entered into is an abuse of the process. I have also pointed out that it is my belief that it has already been determined that someone will be picking Bellatrix up on the cheap. 
I find it very interesting that you mention that Bellatrix will be sold on November 13th, as the US and China are expected to sign a new trade deal in Chile on November 16-17th, with Natural Gas sales to China most likely being also part of that deal!
Something is very wrong here folks! Hopefully someone who owns shares in Bellatrix has raised their concerns with the ASC!
Kherson