Habanero is in the process of further increasing its interest in the Alberta Oil Sands project, and a response is expected shortly.
Jason Gigliotti, President of Habanero Resources stated, "It is very exciting to have a new conventional drill prospect to add to our existing producing oil and gas prospects as well as our Alberta Oil Sands project. Alberta is one of the largest oil and gas regions in the world and we look forward to drilling this new prospect shortly. We are continuing to look for ways to add shareholder value as the Alberta Oil Sands project is developed over the coming months and years. As it stands now, Habanero is one of, if not the smallest market capitalized companies that has exposure to the massive Alberta Oil Sands. When you take this into account along with the fact that we have no long-term debt, we have revenue coming in, cash in the bank and that oil and gas prices are currently near all time highs, we think our shareholders should share our enthusiasm for Habanero's growth in the upcoming year."
Most Popular Articles
From the Career Center
Jobs that may interest you