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Re: Victor6 post# 112

Tuesday, 04/23/2013 4:48:33 PM

Tuesday, April 23, 2013 4:48:33 PM

Post# of 278
You're right on the money, Victor. I have also reached out to a couple of internal resources "in the know" and expect to hear more back in a couple of days. But what I've learned so far is that, one, this is absolutely NOT a pump and dump and, two, this is in fact a development phase and testing operation. If you read their PRs, they plan to start test drilling later in the summer/fall time frame, but the areas they acquired are proven. Since they are in DEV/TST phase, no one expects revenues coming in right away. They are totally SEC compliant in their reports and findings, and are the largest and controlling shareholder of CEC North Star LTD. Read their FAQs for additional details about their holdings: http://www.octagon-88.com/faq. They are sitting on a potential gold mine: "The Company has acquired through a series of transactions a large contiguous land block of oilsands leases in north-western Alberta in the Peace River block of the 'Carbonate Triangle'. That block of land currently consists of 61 sections of 100% oilsands leases approximately 74 kilometers northwest of the Town of Peace River. CEC North Star has an agreement with its joint-venture partner to acquire an additional 21 sections of oilsands leases in an adjacent block."