lurking turkey

Something's Brewing at Oilsands Quest Inc.

P.S. to DDyer

I wouldn't take a TSE listing as any guarantee of authenticity either. Oil and Gas reserve reports are sometimes a reasonable guess, and sometimes much worse. I have seen falsified reserves at a major TSE-listed oil and gas company, and deliberate misrepresentation (misbooking) of reserves by a major oil and gas reserves evaluator. But I don't want to spend the rest of my life in court defending libel allegations, so I will leave it at that.

By the way, I think Imperial made money at Cold Lake, when all costs are included and discounted. But their deposit is very high quality, and Cold Lake bitumen gets a good price because it makes excellent asphalt, compared to other bitumens on the market. I am sure there are other in-situ projects that have been economic, or would be at today's prices. But because of the risk and economies of scale (= big capital requirements), my opinion is that it is a game for the big players only.