We now know what happened Neil Roszell and gang No conspiracy as to why the Raging River team left in order, they are back to building a new company if you have not seen this already. First new venture oil company of any substance in recent times. CDH virtually doubled in a few days.
Steve Moran's Corridor Resources Inc. (CDH) shot up 41 cents to $1.29 on 15.5 million shares, after announcing a recapitalization and an overhaul of its management and board -- and in the process confirming a rumour that has been bandied about for months. Corridor announced this morning that it has arranged $50-million in financings as part of a definitive investment agreement with a group of investors, comprising Neil Roszell, Jason Jaskela, Ali Horvath, Jonathan Grimwood and Terry Danku. Those names will ring many a bell for energy investors. Mr. Roszell and his people have built and sold several promotions over the years, starting with Prairie Schooner Petroleum in 2006, followed by Wild River Resources in 2009, then Wild Stream Resources in 2012 and then Raging River Resources in 2018. Raging River went to Baytex Energy Corp.(BTE: $1.78). Several members of the group (including Mr. Roszell, Mr. Jaskela and Mr. Grimwood) initially opted to join Baytex, but one by one, each of them left Baytex during 2019. This gave rise to speculation that they would soon reunite at yet another, probably water-themed, new promotion.