RE:Development on its wayAre you sure East pepper is being tied in right now ? from the last interview feb 3 i thought the ceo said they were still considering tieing in east pepper or a jv or sale........ ? It might cost more to drill a well in Canada but Canada is a more stable jurisdiction then Columbia to invest in hence why AXL is valued so cheap imo
Nonetheless sp is going up but how high it will go is unknown or if it will hold above 20 cents, the stock has traded sideways for months even with oil and gas prices wayyyyy up from 2-3 month ago our sp is the same.
Lets get it going AXL investors are waiting !
GB
Rob0012 wrote: I've been listening to Marshall Abott's interviews a couple of times and everyone should do the same here. If I understand correctly, the East Pepper well is currently being tied in. We could hear about new production numbers any day from now. West Pepper is cash flowing $300,000 per month, which cash will be deployed in Columbia.
MA explains pretty well why the focus is beeing put in Columbia: the well that will be drilled first week of March will cost approximately $2.4M while a similar well (10,000 feet deep) would rather cost $10M in Alberta!
RCE 2 sgould as significant number of BOEds as early as first week of April. MA concludes Feb 3rd interview in saying "the Co will be adding production monthly thereafter!
Happy I added more Wednesday and Thursday last week. There is no reason to wait for lower SP; I don't see this happenig with all irons in the fire!
Go Arrow Go!!
Rob