RE:Baby HeadwaterI know the Lycos team. This is headed up by Dave Burton who worked with Neil at Raging River and Wild Stream before going separate ways in 2013 or so. I think Dave left Raging River before the merger with BTE, but I can't remember for sure.
Burton started a small private company called Chronos which I don't know a lot about other than I understand they had low decline Sask assets that they sat on for many years during the crash before going public as a recap of Samoth Energy in November.
Lycos is drilling on land in Sask and Alberta looking at 9 month payouts on ultra heavy oil fishbone style wells in areas previously thought to be fully exploited.
Great team that has had a lot of success and worth watching for sure, though the current valuation is generous for ~1500 boe which takes into account their own production as well as the 20 odd percent of production they own from a joint venture - a legacy from the chronos days.
Bennys65 wrote: Lycos lcx.Bunch of raging river guys did a startup in nov.heavy oil eastern alberta Debt free getting ready to drill first quarter.Neil is a special advisor to the board.Too new to have much info.Anyone in the know would appreciate anythingg you have .