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Re: duchamp post# 6844

Wednesday, 10/05/2011 11:22:41 PM

Wednesday, October 05, 2011 11:22:41 PM

Post# of 8009
Not all have lost faith Duchamp, some of us just blow a gasket when things don't go our way.
I was more then upset a few weeks ago when Apex posted news on 6 more wells being drilled on our lease, then deleted it the same or the next day.
I had expected major news to come out last month and and thought the Apex post was the send off ... Then the post dissapeared, I was some peed off.
I'm glad now that it happened as I've had time to reflect on the present situation, and why I'm holding shares in Apex..

When I got in a couple years ago there was nothing more then a pie in the sky dream that the Beaufort Sea reserves would be accessed, a dream in the making for over 30 years.
There was no recent news of any kind from Apex to be found, and little promise of a pipeline to the treasure.

Much has changed since then.
We now have a huge demand for oil and gas.
We have a government who has issued a Certificate to Construct, and are eager to recieve the royalties and taxes.
We have the Alberta Tar Sands who will consume "all" the gas available from the much needed Mackenzie Pipeline.
We have Apex who has recently come to life with (2) websites and partial SEC filings updates.
All this in just the last 9 or 10 months.

What we do not have is the drivers seat, ExxonMobil is at the wheel.
Maybe this is why news from Apex is limited.

The news though on Arctic Oil and Gas development is by no means limited, I'm pleased to say.
More progress is being made and it should help our holdings with Apex.
I've been saving news as I go and could post some for you and the other 9 on line to read if you'd like.
You may find the situation is not as "sad" as you think.
Cheers from Fishin.