Man this piece of news is huge!
From their website: "Trophy Oil is an emerging diversified energy company dedicated and focused on the responsible development of North America's natural resources in support of industry growth while providing maximum shareholder value."
From the their PR: "Mr. Saavedra brings years of experience as a successful businessman and entrepreneur in the private as well as the public sector.....Vice President of Western States Realty participating in the completion of "Village Green," the first energy efficient and renewable energy community. That project won the "Partnership for Advancing Technology in Housing" award from the U.S. Department of Energy."
"this move strengthens our ability to move forward with both the O&G and the Mining/Mineral Divisions in a much more aggressive manner," said Eric Leonetti, Trophy President and CEO."
"Trophy expects to acquire advanced-stage projects and/or producing mines in some of the most prolific precious metal districts in the world. The Company's goal is to evaluate profitable options, build a solid foundation of assets through acquisition of land and/or leases, and explore and develop opportunities on these leases."
Early morning thinking here, but it sounds to me as if some of the puzzle pieces are coming together. I can think of a couple of different scenarios which may include Joint Ventures, Lease agreements, or flat out buyouts/acquistions. Who would they sell uranium to? Well, besides other major countries like China and Russia, our own government (Dept of Energy) might be interested...wouldnt that be wild, 30 yr contracts to have the right to buy uranium.
I think things are definitely starting to shape up on our ground breaking opportunity
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