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Cobra Venture Corporation (CBV:TSX-V) is an emerging oil and gas company that has assembled varying interests in three non-operated core areas that hold significant potential. A large part of this upside comes from the Viewfield, SK area where Cobra is working with some of the former management team of Bison Resources to build production and reserves from the Bakken and Frobisher formations.
To date, Cobra has had tremendous success with its Viewfield project development. The company has numerous drilling locations for potential growth at Viewfield as well as at core areas in Alberta. As at May 31, 2009, the company had a positive working capital position of $937,980 or $0.06 per share and no long-term debt.
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