GREY:ROAOF - Post by User
Post by
L.A.on Jun 01, 2004 12:40pm
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Post# 7556463
Possibilities
PossibilitiesI haven't posted on the board for some time but I do enjoy reading the posts. I have some thoughts I would like to thow out, and see what some of the more knowledgable posters think.
There has been some talk of a buy out, and after reading the prospectus it says we have 2 separate fields one field commomly known as the brenda field and the second right next to it stradling blocks 25B and 25A. I think oilexco will sell the brenda field to Canadian Natural who have just puchased the field next to us and the balmoral port. This will give us the cash to go down to the southern basin to drill our gas property. In the mean time we can aquire block 15-25A and after we have drilled the gas basin we move back up and find out how big the reservior is at 15-25A. the sale of Brenda would give us plenty of cash without to much dilution.
Regards and feeling very positive about my investment
L.A.