Not true, in the last year and a half there have been 80 wells drilled successfully all within 2 to 5 mile radius of the compeer. Oil is present but viking formations are tight, so there has been a new technique that has created huge success. The compeer asset is in between the fairway trend of the provost and Dodsland which are the most successful viking areas in Canada. There well has just been overhauled due to the frack zones that sanded off. Production will be back to the 40 to 60 a day very shortly upon completion.A lot of what your talking about is off course of the viking trend. Look at RRX all they drill is in the viking and they have hit all there wells .I believe its like 270 out of 270 and they are producing 18k bpd and just did another financing of 88.32 million to drill some more wells and buy some more viking formation land. Thats the only place they drill. Hollaman the private co. owns 6 million shares and the Chevellis of TGC own a small piece. Before u make these assumptions you should call the ceo Mike Cateano . They have add multiple offers on the property by everyone around them.
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