Peetrobank's sale of May River

[danross70]

Does anyone have any thoughts on the significance of PBG's sale of the May River property to Grizzly? Are they giving up on THAI? On oil sands? If so, what does that mean for PBG stock? Where would they re-direct the income they receive from Petrobakken?

[cviller]

And what does it mean for the buyer, which is 25% owned by Sweet 16 member, Gulfport (GPOR)?

[dan_s]

PetroBank is not giving up on THAI. They just need to raise some capital.

We will take a hard look at Gulfport when we see their Q4 results. GPOR should have a very strong Q4 report.