Good point Badmoon. And why has your question not been answered? People must be too busy I guess.
I owned this one last year when it was MSEV and made a little dough on it. Now, other than a quick flip, I wouldn't touch it.
The land they supposedly "acquired" was not listed on the most recent Alberta Lease results. If they were acquired privately, why were the leasehoders names not mentioned? Nobody...and I mean NOBODY...sells acreage in the sands nowadays unless it's worthless. Why does MENV fail to mention that they are partnered with Habanero (look them up at Stockhouse V.HAO). 2530 acres is nothing to write home about in oil sands country. It could be if it was tied in contiguously with say 50,000 more. It is not and stands alone. In other words, it has no commercial value on its own for development purposes. It may have some value for a JV with a landowner nearby if OBIP can be proved out. Is it? Even proved OBIP is still worth only $1 per barrel.And, who is going to pay for proving it out?
Check out v.hao or hbnrf. They have the exact same NR. Same crapola. Who is the "operator" they each refer to? The one that supposedly ran seismic and did one test bore! Nowhere is the operator mentioned. These guys don't work for free. they don't get their core samples tested for free.Core results were promised from mid Dec, where are they?
And, giving a ballpark on OBIP from ONE CORE? Laughable at best. Acceptable standards are to delineate at 1000 meter intervals.Every 1000 meters.
The comparison with BQI is totally off the wall and an insult to BQI. I hold BQI. They hold 560,000 acres of contiguous land in Sask and within the next two months will have drilled out 275 wells for core samples. Thats how it's done ladies and gents. As another example, Synenco drilled over 1000 cores to test out their turf. Suncor drilled over 3000.
Check out insider selling on these two related companies. can you spell massive and so-obvious pump and dump?
Check out their financials. Not even enough to pay office rent even though they have been in business for several years.
The printing presses are running full speed and you know who doles out the ink.
Just me, and me only but I would stick it under the mattress right about now.
From a guy who's seen too much "VSE" crap go down.
AI
