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december

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december

Re: mkt_predictor post# 4019

Wednesday, 09/05/2007 10:21:16 AM

Wednesday, September 05, 2007 10:21:16 AM

Post# of 5191
I had a great meeting this morning. The feedback is:

1) A PR is being vetted today for release.
2) A tour of the site North of Edmonton is on today and tomorrow. Oil industry participants are on the site tours.
3) A series of PRs are to be expected in the next three weeks.
4) A trip to London is happening on Sept 9th to move forward the planned listing on the AIM. A concurrent funding of $25 million USD will be done with the listing on AIM.
5) Roadshow presentations are being planned for Toronto and Calgary.
6) The $8.5 million in funding is in place to carry out the goals set in the biz plan.
7) Management expects the value of the first three wells to be in excess of $20 million USD. They expect production of up to 300 barrels per day from these wells.
8) They have been approached by parties in Calgary to vend more production in areas in Alberta. They are looking at the properties and will consider acquisitions on a non-dilutive basis.

All in all, the management seems very focuse on delivering value. The PR schedule will tighten up now that everyone is back from the holiday period and I think we can expect a steady increase in value of the LCOL PPS.

Live for Today - Learn for Tomorrow

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