Broadview Energy has sold all its Saskatchewan SAGD properties to Cardinal Energy!! Probably in Q2. Cardinal has John Brussa (~4mm or more CJ shares) and Murray Edwards (~25.5mm or more CJ shares) on the BOD.
• Sold Medicine Hat, Cutknife, and Marwayne properties
• Sold all Saskatchewan SAGD properties for 1.362 million shares of Cardinal Energy plus a 2% gross overriding royalty on all Saskatchewan SAGD properties
So I won't be following Broadview much any more, but will be keenly watching CJ to see what they will do with these shovel ready delinated Saskatchewan acreages, if any thing.
Salute to John Festival and Broadview for their :
“Broadview looks forward to working with Acceleware to advance the RF XL technology as we recognize its significant potential benefit for business, industry and the environment in opening up a new era of growth within the heavy oil sector,”
said John Festival, Broadview’s CEO. “Broadview is excited to have a front row seat at the Marwayne test site where we will support Acceleware’s efforts to validate their RF XL technology. Over the past 30+ years, Broadview’s personnel have
trialed and closely monitored a number of different heavy oil recovery technologies. Broadview recognizes Acceleware’s RF XL technology as one of the biggest potential game-changers in heavy oil and bitumen recovery since SAGD (steam
assisted gravity drainage) was commercialized over 20 years ago.”