Exploration & Production | Finance & Investing | Capital Markets
Silverwillow Winding Down Company in 2015
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Silverwillow's message to shareholders:
Our consistent message for the past year has been alerting shareholders to the difficulties facing the junior
oil sands sector and the steps the Corporation has taken to address these challenges. It has now been a
little over a year since we initiated a strategic review process and at this point we have nothing concrete to
report. A number of companies have viewed the data and assessed our assets but no offers to partner
with SilverWillow, acquire assets or the Company have been forthcoming. We now face a difficult situation
with declining cash reserves, limited ability to obtain financing and a challenging oil price environment which
undermines the economic viability of new projects in the near term.
The combination of headwinds which includes political…
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