Palliser Oil & Gas Corp. PSLRF

First quarter new release

[Oilwiz0007]

1st quarter numbers should be coming soon. Any thoughts as to what will be released?
My thoughts are high operating costs as no changes have came to management level. Same ship is sailing into the abyss. Keeping my fingers crossed that some sort of casing gas fuel system has been put in place and the propane excuse is not used. Time will tell.

[traxbyweb]

Yes numbers were slated to be out by end of today.    I agree on your expectations.    Took advantage of recent rise to sell some of my position.   I worry on there hedging program as they are receiving well below current market value and 1st qtr hedge I believe is for more then what they are producing so now they have to pay market price to make up the

[traxbyweb]

According to news release it appears the credit facility is not nearly maxed, shows 47 mil in debt but only a small portion of credit facility used just over 2 mil.   Debt must be something else.

[roscoe74]

$47mm working capital deficit. The credit facility you refer to is the $10mm acquisition line, not the $42mm credit line that is in contravention of the current asset ratio covenant. Latest credit review done by May 1 so the lender will advise the company shortly how deep they are in financial difficulty. Worst case, demand call to bring covenants into compliance, allowing company time to find