Re: It is not the end of the Makó gas dream - herecomesthesun
posted on
Nov 05, 2009 01:30PM
Developing large acreage positions of unconventional and conventional oil and gas resources
"Any thoughts of Avelar showing interest"
Interest in what? Shooting Bruner maybe?
All kidding aside, I am sure that Avelar's level of interest going forward is very important to the share price along with Burlingame's plans for their even larger holding. However, we may not hear what their plans are until after the fact as they won't be leaking this information to anyone. It will be worthwhile watching the Sedar site and the institutional holdings to see if either one of them is increasing or decreasing their position.
On the subject of who else may step in to fill Exxon's boots, if they don't proceed to phase 2, - our problem will be the 120 day time frame that Exxon has to make a decision. No other player is going to step into Mako play until Exxon makes it's decision, and that probably come until close to the deadline. We would be much better off if we got a go or no go from Exxon much sooner or the share price will remain under pressure for almost 4 long months.
Regards Paul