Turner Valley Oil and Gas Inc (TVOG)

[NewOldGuy]

Not my intent. It was also not my intent to spark any sort of sell spree.

Some may take good news from this as I do think it a step in the right direction. I was told this afternoon that the deal framework as has been laid out is still in place and Net1 is still financing the deal. What has been changed is the type of assets that the company will get to play with in their sandbox.

From my understanding it will be more geared towards building a land based infrastructure company including block with the ships to come after. As best as I can understand the ships are stuck somewhere in Euroland and the players are tired of waiting around. So they will build out from land and then sea.

This is why the two advisors were hired recently. Land based block experts. Not sea captains.

I take this as a positive as the ships were always in my mind a break even proposition at best.