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Bullboard - Stock Discussion Forum Palliser Oil & Gas Corp. PSLRF

"Palliser Oil & Gas Corp is engaged in the exploration, development and production of petroleum including high netback heavy oil in the greater Lloydminster area of Alberta and Saskatchewan."

GREY:PSLRF - Post Discussion

Palliser Oil & Gas Corp. > Haven't they already explored their options?
View:
Post by Sir_Holler on Apr 11, 2014 1:19pm

Haven't they already explored their options?

Feb. 25 news release:

Given Palliser's current financial position, the Company is examining any and all avenues to further improve the interests of shareholders. Options being examined include joint ventures, corporate combinations, asset sales and financing options.
Read more at https://www.stockhouse.com/news/press-releases/2014/02/25/palliser-oil-gas-corporation-reports-2013-year-end-reserves-operations-update#3p2sSoqzzHu8DTvS.99
Comment by roscoe74 on Apr 11, 2014 2:26pm
They may have explored 'their' options while waiting for better well optimisation in Q1/14 but now, with production going down, bouncing close to the debt ceiling of the credit line and, no doubt facing a credit review, they are faced with accepting any option proposed to them. The good news is that in a rising investment climate for oil and gas there may be increased interest in heavy ...more  
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