Seeking Strategic Alternatives
may be the next press release...No capital to proceede with thermal projects. Cold production
on a steep decline with limited drillign upside.Very high op costs at Blackrod ( $50-60,000.00/day).
Production/reservoir issues with wellpair....snubbed by debt markets and the list goes on.
Smoke and mirrors can only take you so far. I suspect a co. like Athabasca will be picking up the pieces.