Petro One Energy Corp CUDBF

ARC deadline

[neverindoubt]

Monday is supposedly the day where Arc Resources is to start the second hole on POP's property to stay in agreement with the buy in agreement.  POP wants a good relationship with this company, so don't expect any consequences of missing the date.  Nonetheless,  I expect we should no one way or the other next week.

[Bulls-Eye1]

If that's the case, I would have thought the share price might be a little higher then it was today. It could be the last head fake before we see it run though.

[longshortman]

The dealine for the first well was March and that was spudded almost two months ago. What makes you think a company like ARC, worth more than 8 billion dollars is going to miss a contractual deadline to drill one well?  They drill hundreds a month.  Mind boggling. Longshortman  

[Bulls-Eye1]

Was that the J10 well that we have already heard results from or is it a different well spudded with results to come? 

[longshortman]

Why are you asking me?  Read the press releases or call the company. Amazing. Longshortman

[Bulls-Eye1]

Sorry Longshortman, thought you might have know off the top of your head without me having go in and read. My appologies.

[longshortman]

No problem and sorry if I sounded harsh.  All we know so far is one well drilled.  ARC moved ahead of schedule last time and they will move quickly this time if they like what they see from the first well.  But we won't know until we see the next news.  Neither company would bother to announce drilling.  POP will probably announce a new well when it is spudded.