"Next stop for BQI… test well results later this year, which should lift much or all of the remaining doubt about BQI's acreage commercial prospectivity. And then, by early-2009, a joint venture which should make transparent what industry players are willing to pay for BQI's assets and what the company is really worth. I think that figure should be $18-22."
Tried to do a Google search for the date in August of this year; last year it was August 16th and they say they have them six times a year. Anyone know the date of the land auction this year?
If the CPC / Indian Oilsands joint venture does aggressively pursue purchasing Saskatchewan oil sands acreage at the August land auction, that will put out an updated valuation metric on Saskatchewan oil sands acreage. That should facilitate the more accurate valuation of BQI's Saskatchewan oil sands assets.
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