Ann: Tommy Lakes and Montney acreage sold for A$12 million, page-118

Maybe ... but why spend $45mill in appraisal wells ?? would have been better of just to give it away years ago and saved 50-60Mill ?

So I agree more that they either just want a streamline operations just to focus on Blackspur project, goal of keeping a nice fat paycheck and dividends for keeping production steady 4k boepd... easy work great pay ...

Or they are setting up CE1 for sale as they had enough interest in the blackspur assets over the year...(and not much in Montney?) Mgmt thinking best reward for their limited time/efforts... cashed out Montney.... pay out divis .. (mgmt have been buying up shares to get more of the pie)

As we can see from todays ann. .. plan to return 10mill to S/Hs

Will be interesting how many more shares and free shares mgmt will try getting their hands on ..