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Wilton Resources Inc V.WIL

Alternate Symbol(s):  WLTNF

Wilton Resources Inc. is a Canada-based oil and gas exploration and development company, with a property in Canada. The Company is pursuing oil and gas properties in various international locations including the Middle East and Africa. The Company’s business development plan is focused upon acquiring international oil and natural gas interests. The Company is also focused on planning and executing integrated projects from the reservoir modeling stage through the exploration/development drilling and completion work program stage. It utilizes a Geo-engineering approach to the reservoir analysis and modeling phase which integrates the skills of all of the technical disciplines (geology, geophysics, petrophysics, reservoir engineering, and geostatistics) in a single team using an integrated software platform.


TSXV:WIL - Post by User

Comment by DoctorMoreauon Feb 01, 2024 11:51am
224 Views
Post# 35857237

RE:RE:RE:WIL Funding

RE:RE:RE:WIL FundingYes, lots of positive developments in Libya! They really want to hit 2 mbd. It was announced at the Libya Energy & Economic Summit last month that "Speakers participating during a finance panel at the Libya Energy & Economic Summit (LEES) this week shared that the country’s planned licensing rounds – for domestic companies as well as an international tender – will be launched soon, in line with national targets to more than double oil production." . From what I have heard those licencing rounds probably won't take place until the fourth quarter of this year. Wilton may not have to be involved in that licencing procedure depending on what they have negotiated and assuming that they have negotiated anything. Again, we are all in the dark here. I'm hoping for something sooner than this fall. There have also been reports that there is cautious optimism regarding presidential and parliamentary elections in the first half of this year. The planned election process faltered in December 2021. At least the ongoing talks are moving in the right direction. I am also watching for the return of the Embassy of Canada to Libya's return to Tripoli. As of now they are operating out of Tunis. From a security standpoint the Canadian Embassy is essential for a Canadian company operating in Libya. 
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