Links 730 thousand acres net to 3 legs after C P interest deducted, so teir acreage is worth many tens of times the m c....................Meaning I suppose that if acreage prices do go up from $50 to $1000 an acre 3 legs would be worth $730m. Which is about 37 times greater than present mc... However I note that after reading a post from Lanny 9 on iii, it seems that 3 legs interest is much smaller. Lanny says the acreage is correct but CP have already dropped out of the farm in for the eastern 3 licences after poor results. Conoco didn't think it worthwhile to continue on there. So the lands in the west side are 50 acres and they have 30% of that." If this is indeed the case and in a follow up post you did agree, then surely that means 3 legs have 15 acres. Even at $1000 an acre that would only give them $15000 or £9000. No wonder 3 legs sp hasn't moved...Links I know this cant be right where did I go wrong.
No worries BNC! It looked good to me 3 years ago and it looks even better now...prospects and progresses wise not sp! Searcher - not 3 years long! don't think it will be that long this time round though. Wait is finally over imo
I really feel for those that have been thru the mill here i really do - so excuse my somewhat insensitive post - i'm just used to things moving that's all & in comparison have only been here a nanosecond tbh........
nevertheless if my ol mucka searcher could give it a boot hey? ;o]
Ukraine Threatens Oil and Gas Cut-Off in Russia Sanctions
By Daria Marchak and Volodymyr Verbyany Aug 8, 2014 7:08 PM GMT+0100
Ukraine threatened to block Russian oil and gas supplies to Europe in new sanctions against Vladimir Putin’s government, which it blames for a separatist uprising that has ravaged the country’s east.
Ukraine, which no longer receives any gas from Russia but acts as a conduit for its neighbor’s European customers, is considering a “complete or partial ban on the transit of all resources” across its territory, Prime Minister Arseniy Yatsenyuk told reporters today in Kiev
if you think that s painful try to be in here for the pat 3 years and over ! Hindsight is a great thing so I won t go on about the past but things are definitely heating up in the Baltic now. The fundamentals have always been great in my books, only dilution and lack of patience from investors decimated the sp. I am still here because I believe 3legs will declare their Lublewo well commercial very soon, Bnk and/or Sle later in the year imo. The gas is there, they will find a way to extract it commercially. If I was not convinced I would not be invested here. Off on holiday now, looking forward to a sharp rise north by the time I come back!
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