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Bullboard - Stock Discussion Forum Petro One Energy Corp CUDBF

GREY:CUDBF - Post Discussion

Petro One Energy Corp > The Prospect of having an oil strike in the near term
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Post by biggeriron on Oct 12, 2014 11:31am

The Prospect of having an oil strike in the near term

is very much at hand. We are not talking about wildcatting, but rather follow up drilling in area's with proven reserves. These will be the first wells drilled. This will not be a case of oil and no oil, but rather how much oil. So this makes me feel real good about my investment. Furthermore we have a commitment by the Korean Group that they will fund the balance of the first PP up the $6MM. The combination of these two events will help to move the stock to much higher levels.
Comment by Hockeynut2 on Oct 12, 2014 10:28pm
Ok Bigger, give me the Readers Digest version of what I've missed. The headline says the PP is closed, I have not read the news release, so I will give you the benefit of the doubt. Why do you think the PP is not closed? Why do you think "The Korean Group will fund the balance of the first PP"? GLTA
Comment by Hockeynut2 on Oct 13, 2014 12:40am
Get your facts straight! VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 28, 2014) - Petro One Energy Corp. (TSX VENTURE:POP)(PINKSHEETS:CUDBF)(FRANKFURT:C6K1) has entered into a Program Earning and Joint Venture Agreement (the "Agreement") with Korea Myanmar Development Corporation ("KMDC") which provides for a $4,000,000 private placement financing ("PP#1") and a ...more  
Comment by speculator on Oct 13, 2014 5:42pm
biggeriron - (10/12/2014 11:31:28 AM)  The Prospect of having an oil strike in the near term is very much at hand. We are not talking about wildcatting, but rather follow up drilling in area's with proven reserves. These will be the first wells drilled. This will not be a case of oil and no oil, but rather how much oil. So this makes me feel real good about my investment ...more  
Comment by frewil1 on Oct 13, 2014 6:24pm
Take a look at the venture and you still cant figure out why Pop is trading where it is , I know the delays arn't helping either.
Comment by biggeriron on Oct 13, 2014 6:25pm
Nobody is bending your arm. You can wait until the events happen, you do not have risk anything, although the price maybe higher if you wait. Value and stock price often do not dovetail.
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