GREY:ROAOF - Post by User
Comment by
OILANDGASon Oct 03, 2004 4:58pm
399 Views
Post# 7999855
RE: Question for anyone
RE: Question for anyoneUh if Art is not going to take the field to production then why did he buy or acquire Pentex (platform). He could have let that go to someone else like CNQ why did he buy it.
It allows OIL or a potential buyer to produce the Brenda oil to the Balmoral platform. It was a strategic piece of business whether OIL takes the Brenda field or someone else does. This makes the Brenda pools very attractive to potential buyers because they have an outlet to get the oil on stream in a timely manner.
PS. The rumour that OIL is going to the big board is true but I have no proof in writing. It will happen eventually ( remember how long it took the prospectus to be finally be approved by the TSX). The TSX and Art do have a little bit of history which does come into play.