Apology accepted. I try to reread my posts and correct any...

Apology accepted. I try to reread my posts and correct any errors immediately so as not to inadvertently provide bad information. It's not an insignificant omission as conventional oil is pretty much REY's whole raison detre. It's largely why REY's land was worth $32M and OBL's was worth $3.5M. It might not have been intentional but it isn't a trivial mistake when publically analyzing something.

OBL purchased Cyrano for not much more than half a million bucks and it was considered a "future" project when the price of oil was much higher. There's not enough and it's too heavy. There won't be anything happening with it any time soon except a sale and given it was purchased for half a million.. If they hold it long enough for oil to go to $200bbl it will seem very clever. But I really don't hold out any hope for any near term development even though they've shopped a cheap development around for years.

Vic is more promising but they've sat on that for what.. 7 or so years now? What sign is there of any movement? I doubt much more than a sale is happening there (I'm mostly talking about sales here because management recently announced they might sell assets) They even had to let a permit go the other week. It's almost been forgotten about. It would be very left field for them to suddenly announce a drill was happening and it was a focus.

In reality OBL is about the Laurel. To a lesser extent the unconventional at Backreef. Maybe the Gogo. And whatever conventional prospects seismic over Derby throws up.

I wouldn't call REY "my company". I don't consider the coal mine an "iron in the fire" either. I actually significantly freecarried recently at 9.9c (ie sold) and think OBL is a buy at 1.7c (although I haven't bought any). This isn't territorial marking, I just appreciate thorough analysis and you ignored all major price factors in the comparison. It wasn't just one word or a typo.