TSXV:PTR.H - Post by User
Comment by
thebadger1on Jun 07, 2005 1:13pm
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Post# 9127588
RE: It looks like a well license has been issued.
RE: It looks like a well license has been issued.From the MD&A:
"For the six month period ended March 31, 2005, the Company had two producing wells which produce approximately 70 barrels
of oil per day. In addition, the Company received gross overriding royalties from three producing oil and gas wells."
So, Rain Man, how do you propose that they sell 100 barrels of production. And, unfortunately, when you have revenue of 278,000 for six months from your revenue producing properties, it is going to be pretty hard to get $3 million. Actually, impossible you meat head. So, if they sell what they have, they are not buying shares back, they are in fact liquidating, meaning you will be getting a fraction of your holdings. CHEERS!!!!!!!!!!!!!!!!!!!!!!!!!!