Post by
pacer001 on Apr 06, 2022 7:42am
Drilling - what to look for
I have been researching what to look for in drilling operations.
1. Soil gas surveys - public records - are they done and issued? No one drills without these.
2. Draft a drilling proposal - should be known by stockholders at what phase they are at.
3. Establish infrastructure for the drilling site - roads or railroads to site.
4. Drilling encampments (trailers, roads to site and cut trees are signs of active workers)
5. Pressurized Drilling tanks and water mud pits close to drill site (signs of active drilling).
6. Visible heavy machinery and drill pipes on Big Trucks!
Comment by
pacer001 on Apr 06, 2022 7:44am
Ps 7. Storage Tanks or run off sump pits 8. A Hub point (drill site) where everything evolves around - it should be in the center of the encampment with signs of structures.
Comment by
Wynjoe on Apr 06, 2022 9:18am
Now you see what I'm talking about...no infrastructure, no oil equals way over a BILLION dollars...WHY??? This was a twelve cent stock not long ago,and I believe Cannacord @$6.35 will lose tremendously if drilling soon do not start and oil is discovered in commercial quantities ,sooner then later.MAJOR SELL!!!