RE: Congratulations Vulcanturr;
Hope you had your position in CQV liquidated prior to today's news....doesn't look good with such a cash crunch facing the company.I hope though that they are able to pick up the pieces and move forward.The West Coast area is very unexplored.
For the time being, it appears that Vulcan will be the only "game in town" for the next while.Maybe some of the investors who have been standing on the sidelines watching this area will begin to look seriously at Vulcan 's potential at Flat Bay.I personally feel that has done tremendous due diligence in preparing for this round of drilling.Let's hope it rewards us all at the end of the day.
In response to you inquiry regarding AMR's recent drilling next door to Vulcan.I have no way of verifying some of the info I heard, that being that the company ran out of cash,and encountered some downhole drilling problems.I heard also that they encountered some salt, but again, being a private company, AMR operate under different disclosure rules.
I have put my money on the table with respect to Vulcan.I like their prospects for finding more prospective oil zones in this well;I particularly like the careful way in which management spends its money,and keeps the number of outstanding shares in check.Hopefully patient shareholders will be handsomely rewarded in the near future.
Len