Jim Letourneau's Blog

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The Dark Side

In December 2004, plucky trio of junior exploration companies (Flying A Petroleum, Wyn Developments Inc, and Northern Hemisphere Development Corp.) took an interest a Shell Canada deep Slave Point prospect at Bougie/Trutch in NE British Columbia. There were some stellar anticipatory gains as the potential discovery of the next Ladyfern or Clarke Lake intoxicated speculators.

Trading was halted in this group last Wednesday pending drilling results. The announced results stated that the Slave Point Formation was