GREY:ROAOF - Post by User
Comment by
Kel2on Mar 25, 2004 10:53pm
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Post# 7268741
RE: Kel2 I want to know why ART did not
RE: Kel2 I want to know why ART did not What news?? There isn't any news regarding 150 million barrels beyond the fact that if they drill another 3-4 wells that are successful they may end up finding that much. It is not news. It is not a change in material facts. It is pure specualtion by everyone including OIL management at this point. We all hope that their speculation is correct but at this point they don't have 150. They may be in the neighborhood of 25-30 million recoverable having drilled Brenda #2.
How is that you are in the dark? You have heard the number. It is in the public forum. It is not a substantiated number based on drilling. And, no matter what management may say, without an engineering report by an independent third party it may not mean a whole bunch. That first report isn't that far away either. Numbers from Brenda #1 should be pretty soon.
If you have followed FCP at all - how much coverage have they gotten in Canada? Very little. Even though they are now part of the TSX oil and gas index they get very little publicity. The bulk of their money was also raised in London via Canacord. Canadian firms didn't have the balls. Same will apply here.