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Real Madrid

12/30/13 6:50 AM

#1282 RE: wshaw14 #1281

And once production is demonstrated, the company can enter into frwrd contracts to secure financing and secure a stable margin and cash flows..
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bhumiartha

12/30/13 7:25 PM

#1283 RE: wshaw14 #1281

They may be required to submit an annual update of any changes to ownership in the reservoir (they have not yet reflected the 10 per cent additional working interest) in order to be consistent with Canadian disclosure laws, since the operator is a Canadian-domiciled company.
Besides which, the changes being proposed to Canadian disclosure would work out in DWOG's favour, by allowing more leeway in how their contingent resources are reported:
http://osc.gov.on.ca/en/SecuritiesLaw_rule_20131017_51-101_rfc-disc-oil-gas.htm