Replies to post #5761 on Apex Resources Inc (SLMLF)

[ebaykamel]

That's the problem. They never released any of the news they could have. I guess they think it will magically move by itself. They need to spend some money on awareness so they can attract a buyer to buy out the whole company.

[fishin100]

Looks like the postings have turned to shit, but Apex has not.
I think I may have figured things out.
First, Apex has no say in what happens with the I-27 well as they only hold 3.745%, Exxon calls the shots. Apex could sell out though if they wanted to. I was suppose to meet with Rafiq Chinoy this weekend in Vancouver but he's now going to be away in Hong Kong, am not sure if it's Apex related or not.
Regardless...I believe that nothing will happen up north until the tar sands in Northern Alberta does it's major expansion to feed the U.S. (as both U.S. and Canada have to much invested to not see this play out). Required is the Keystone pipeline, and should be in play near the end of this year. Then...major gas will be required to feed the Syncrude Tar Sands, in fact all the gas available in the Beaufort Sea area, just to keep Syncrude running at the 400% production increase they have planned. The U.S. refineries are already upgrading in preperation.
(All my opinion)
Our cash should still come from Apex, but may take a while.
The Government of Alaska is also worried, as the existing pipeline from Norman Wells is running at very low volume and is in danger of being shut down. Alaska has a 14 billion dollar surplus right now (3 billion from last year alone) and relies on oil revenues for 90% of their income. Turns out they have had an ace card up their sleeve since 2005 and have played it this year.
(30 million for costs to move in a drilling rig, 25 million in costs towards the first well drilled, 23 million for the 2nd and 22 million for the 3rd)
Check out the Cook Inlet, it's on the west side of Alaska. The first well in over 14 years is being drilled as we speak by a company from Australia. They hit a depth of 3,000 feet yesterday and are probably the only company that has all their drilling permits approved, including the air permit. Leases held by them in this area amount to over 80,000 acres with an addition of around 100,000 acres near by, all owned 100% outright.
I found them by luck 4 days ago and have since maxed out my tax free Canadian trader account on their stock.
Todays market cap is around 53 million, total shares 530 million, trading at just under 0.10/share ... potential ... BILLIONS (IMO).
Check out BUCCANEER ENERGY.
Australia stock exchange (ASX) ticker is BCC.
Cheers from Fishin.