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Point Loma Resources Ltd looking to grow value in Alberta

Chief executive of Alberta-focused oil junior Point Loma Resources  Ltd (CVE:PLX) Terry Meek runs Proactive through the firm's activity and its ambitions.
"We operate in West Central Alberta in what have typically been conventionally producing horizons. We are applying unconventional techniques to those horizons."
Looking ahead, the strategy will be a combination of further drilling out opportunities and "selective acquisitions, explains Meek.
"We still feel there's very good value in certain acquisitions in the market today before prices run up too far ahead of us."

Quick facts: Point Loma Resources

Price: 0.085 CAD

TSX-V:PLX
Market: TSX-V
Market Cap: $7.57 m
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Point Loma to kick off production on its oil project with partner Salt Bush...

Point Loma Resources Ltd (CVE:PLX) CEO Terry Meek tells Proactive Investors the oil and gas company has announced that its partner on the Wizard Lake Rex oil project has agreed to a two-well farm-in transaction to fund drilling and setup costs. Meek says its partner, Salt Bush Energy Ltd,...

on 05/31/2019

2 min read