Buccaneer Energy Ltd. (fka BCGFQ)

[DeepDownResources]

Yea, I hear you OilPatch can you imagine being told after you buy the leases that now that you have bought into the Inlet, great, but to make it work we need to go buy more stuff. Oh yea, we are going to need to source an offshore rig and we are going to need an onshore one as well. And by the way, we still really need to get more permits and spend more money.

Can you imagine how hard that must have been on Dean, constantly having to raise more money, working with AIDEA, working with EZION and now to have the EZION investors trying to take it away from him.

I saw in their presentation that have now spent over 100 million just getting to this point. They are not getting any credit for getting this far and this is the tipping point. That's why now is the time to get in.

It is hard to see how you are not going to least get your money back in a take over or get a significant upside if these guys get to continue. Over 340 million in reserves and they have only spent 100 to get there.

Jack up is drilling and Glacier Rig is getting ready.