RE:NEWS: SHL.v Finalizes Acquisition of Oil and Gas Wells in SK
Hummm... So SHL.v unexpectedly moves into O&G and should now have 3 producing wells and more to come w/ minor maintenance. Hopefully we also get news on flow rates etc. So... If these wells start producing +ve cash flow it is a serious game changer for SHL.v as future dilution will be less. Here's a thought... Why stop at this acquisition? I am sure Respol has a lot more suspended wells and it seems SHL.v has a connection to Repsol. Hummm... Maybe SHL.v is testing their capacity w/ this small number is wells and will look to acquire more? Something's gotta give here sooner or later. CNC.v placement should close this week and that has likely been holding back CNC.v share price. SHL.v will also receive 2.5M more shares of CNC.v in August on top of the 600K they have now. What will they do with those 3.1 million shares ($10M market value)? Dividend to shareholders? Should be lots of news on a number of fronts over the next 3 months or so.