RE: A lot of value in C1..Harrythe company also said the acid job and completion was taking time. It was the inability to get the services. That is common in todays over heated oil patch. It is simply that busy that it takes a long time to procure these services. That being said, the company also said processing was not available even if this well is done by month end. They told us that interuptable processing was the best we might expect until later in 06. Too bad but that is the way it is at present. If you have the ability and patience to look beyong this year, this is a great buy IMO.
They got their hands in some real nice wells. The Sarcee is a big one with big reserves. That is creating value, whether it flows next month or not it is a valuable asset if it contains 20+ bcf. If you can't wait for things to unfound, I suggest you look elsewhere, come back in a year and see what you would have missed.
With these juniors my plan is to find a triple over a two year period. This one sure has that kind of potential so I bought it(very recently) with that two year time horizon. What to bet I don't get it?