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Xinergy Ltd. Message Board

  • feces13 feces13 Mar 12, 2010 4:52 PM Flag

    One Acquistion Done

    I guess no one is paying attention here. they did announce a first acquisition today that doubles the company's proven and probable reserves. hello, if anyone is listing, i will be broadcasting on this frequency every day. i have food and fresh water...

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    • actually, I was paying attention...XRG significantly increased its reserves and production with the Raven Crest acquisition. The problem is that the new acguisition is several hundred miles from its current operations in Bell County where its reserves are depleted. XRG should acquire good quality reserves that would enhance and extend the life of its current wash plant/ loadout complex. Todays announcement from the Corp of Engineers ceasing the use of Nationwide 29 permits is a blow to all surface mining companies in Appalachia. XRG needs to hedge against future Corp regulatory issues by establishing a better production mix. XRG must develop more underground mines in order to exist long term.

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