Post by
hope2 on Nov 04, 2011 1:47pm
Paramax news
Paramax Resources Ltd. Hires Meagher Energy AdvisorsCALGARY, ALBERTA--(Marketwire - Nov. 4, 2011) - Paramax Resources Ltd. (TSX VENTURE:PXM) ("Paramax or the Corporation") together with its joint venture partner Bridge Resources Corp. (TSX VENTURE:BUK), have retained Meagher Energy Advisors, a US based company specializing in transactional advisory services, to review strategic alternatives in regard to their Western Idaho Basin project. This joint process includes their combined 100% interests in the Willow and Hamilton development projects.The Western Idaho Project consists of two development areas, Willow and Hamilton. Both areas have had initial drilling work completed and have reserves assigned to them. These two fields were discovered in 2010 and appraised by six additional wells. Willow and Hamilton are the first commercial discoveries of oil and gas in the State of Idaho. The majority of the State and County permits have been acquired, including a Conditional Use Permit for a 13 acre site adjacent to the Williams pipeline where a compression and dehydration facility will be located.The Corporation will provide more information in regard to this process as it becomes available.
Comment by
swanball on Nov 04, 2011 10:27pm
Why not just sell the buk half?
Comment by
georgejungle28 on Nov 05, 2011 7:15pm
I agree, I guess if you bought at .04 or .045 you might make out okay. Not to sure how well the longs in the .50+ range are gonna make out. I am not happy at all. My average is much higher than the current price and was hoping to wait it out.
Comment by
swanball on Nov 05, 2011 9:59pm
Yeah, I guess we expect to get significantly more than 5mil for our share...
Comment by
georgejungle28 on Nov 08, 2011 12:48pm
Anyone have a ballpark on what we can expect?