RE:RE:RE:RE:RE:Clearwater - World Class Resource - World Class Economicsuncutgems wrote: let me get the facts out to the board. because you won't get them here.
the word clearwater appears ONE TIME in the latest POO presentation. It appears that they have some clearwater rights. here is what they say. As you can see, they are in a subsidiary. They are nowhere close to being drilled. And it's THERMAL HEAVY OIL. The clearwater play that is sooo hot right now is LIGHT OIL that's cheap to get out of the ground.
and now folks here know THE FACTS. The facts are hard to come by on this board where HYPE runs rampant.
the clearwater rights that you own are basically nothing more than words on paper.
Cavalier Energy’s lands are prospective for insitu thermal oil recovery and heavy oil • 1.354 million gross acres of land located primarily in the Athabasca and Peace River regions of Alberta • ~430 gross sections with Clearwater and Bluesky potential
To be fair those oilsands leases are complimentary assets at best I agree uncutgems. They're only speculative leases and if they were truly valuable in 2014 they would have found a buyer for them as they were heavily shopping them. They might have some value but only in a >$100 sustained oil environment. As of now, they are complimentary at best. Doesn't hurt to have them in our back pocket though.