RE:Coelacanth
This also confirms the value associated with the Mica play. If you look at a Map this montney play lies adjacent to Mica.
Vet has a substantial amount of running room at Mica, and is planning to double production there. VET is ahead of Mica in terms of the development and has infastructure already in place.
The problem with Mica is CF, they have none and are burning through their cash. In april when their infastructure is complete and they start producing the produciton behind the pipe.
What i would feel good about is the confirmation of the play area.
It seem expensive and high risk to me, considering they are loosing money and have no production to speak of yet.
Quite difficult to scale up without raising a lot of capital. That is not alway great for the shareholders.
IMHO
MHP