....about the low share price, is that it will allow shareholders of RNC and BOL to transfer a large number (over 50,000) of shares to their Tax Free Savings Account after January 1st, if they choose.

This is, of course, a highly speculative investment, with the corresponding potential for large gains if drilling is successful. Having these shares in our TFSAs could result in a huge tax savings.

On another note, as I have stated before, I am in favour of the merger, but I am a little disappointed in how long it is taking to complete. It is my guess that drilling cannot proceed until the merger is finalized. Fantomas, it turns out that you were right when you said, "2012".

I remain, however, excited about the potenial here, so I purchased the 11,000 shares that traded yesterday.

Merry Christmas to all, and good luck on your investments in the New Year.

C.