Companies target west coast
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- - November 4, 2010 at 19:36:37
H i Someone has to take a gambleor we would not have ofshore Drilling Rigs of ourShore
- - October 27, 2010 at 12:23:01
Good luck cqv - they have already established 500m of pay in the first well A good frac program could open up a lot of pay zone As for producing this well - you could produce the oil and re-inject the gas into the first well and maintain reservoir pressure - should their be any need for power in that area their are turbines that run off solution gas that is scrubbed from the oil produced - no need to flare any solution gas - lets get that rig repaired and this well spudded ASAP-
- John T
- - October 26, 2010 at 09:51:29
Are they pumping up interest in there stock? absolutely. are they prospecting for oil. you bet. before leduc#1 was brought online in alberta they drilled 133 dry holes. invest if your willing to share the risk. eventually there will be a deposit found that is economically viable to produce. with out companies drilling and prospecting there will be no potential reserves discovered. do ceo's of these companies make money if stock rises of course. all who invest do. Fracking has been going on for a long time it is used to stimulate formations . the fluids used for most part are highly regulated . they are injecting at high pressure to phyiscally fracture the rock. this is done only to start or stimulate production it's not an on going process. much of this fluid and chemicals are recovered as the well flows back to service a long with the recovered hydro carbons. using those shallow gas and sour gas stories from alberta is fear mongering. what is some times a natural process. when a water well passes through zones that might contain gas or the ability to flow gas/migrate into the well bore of that water well.
- - October 22, 2010 at 22:57:01
I hope you all don't eat your words. What kind of fools would say a potential of 5.2 billion barrels driving up their stock with dry well. I say something is there but what. You can't inflate your stock i don't think on speculation. I have no idea about how the stock market works.
- John Smith
- - October 22, 2010 at 17:25:18
You have to give these guys a tip of the hat. One of the best scams I've seen in a long while, congratulationsguys, hope you have another 15 years of coning the gullible.
- - October 22, 2010 at 16:30:27
Good luck boys. There is oil there for the taking as it has been coming out of the ground since the 1600 hundreds when settlers came over here from Europe. So it is just a matter of finding it. Maybe they need better research to help them find it but there is indeed oil down there. CQV don’t have the big money of larger companies have to help them find OIL but they will find it after a while. Good things always come to those who have unwavering perseverance. Good luck boys!!! I know just North West of you guys there is more oil reserves than there is off the Grand Banks. Wish you all the best.
- - October 22, 2010 at 14:53:02
Thanks for explaining "frack", but you should explain "spud." If spud means drill, why don't you just say drill, so everyone knows what you mean?
- - October 22, 2010 at 13:24:36
" Known as fracking, water and chemicals are pumped into the ground at high pressure " People in this area would do well to be cautious. What chemicals does this company intend to use to explode the underground rock formations? Fracking has had disastrous environmental effects on the aquifer in other areas. The companies doing the "fracking" hide behind proprietary rights to keep the information about what toxins they are injecting into the land. How can a government accept the results of an environmental assessment if it doesn't know what the fracking fluid is made of? Watch the documentries "Gasland" by Josh Fox and "Burning Water" by Cameron Esler and Tadzio Richards to see the results of this "fracking" process.
- - October 22, 2010 at 13:14:28
CIVC has been exploring for 15 years without any commercially viable success. Now one of their creditors is buying into the project. I'll save my pennies for another venture gentlemen.
- - October 22, 2010 at 11:07:03
Mark, A public company is required to update the shareholders of their activities. What they are doing here is required by securities laws. It's called disclosure and transparency. While I said above the general public for the most part supports development, there is also a small town behavior of hating to see their neighbor get ahead. Sounds like you are jealous. If you have gotten burned in the past that is your own fault for not researching the stock and understanding the risks.
- Mark Murphy
- - October 22, 2010 at 10:18:59
This is deja-vu with these guys. They just got their stock options approved so now they're pumping the media so more poor souls buy their worthless stock.
- - October 22, 2010 at 10:10:16
I love these guys. This is capitalism at its finest. I hope the risk they are taking ultimately makes them rich. This is the sort of venture the government needs to encourage buy getting out of the way and letting these companies raise capital and take risk. Newfoundland has a great electorate in that most people welcome and support this activity. Something the government needs to learn because they do everything to repel and discourage this activity by changing the goal posts as soon as oil is discovered. Good luck guys, hope you strike the mother load while the premier at the same time learns to back off.