Guys, thought I would spend 30 seconds typing out a bit of a summary for you .... for those that are having trouble reading between the lines and haven't got a flavour for how this has been panning out over the past few years.
1. Klick East Field
In June we made about $75k net (prior to paying ourselves), which means we only need another 10 wells to breath a little easier. When we say breathe a little easier, we mean our home loan managers. To produce these wells however, we need yet another cap raising.
2. Kansas
We too have now followed Dorothy down that yellow brick road, Wizard of Oz style. In summary, Brazil is stuffed, Klick needs a kick along, so in the meantime, look at the right hand ... hang on a second what do I have over here in my left hand?! voila! a distraction! Oh yeah, and for this distraction we are now going to have to pay $870K. Yep, that's another cap raising.
3. So after stuffing up the ring fence, Gavea hasn't stumped up any fees to the ICC so we are back to square one. We aren't sure if they have the money or not and considering previous discussions with Gavea led us to the ICC in the first place, any shareholders with ideas, please let us know. ERH will set up a facebook page with the ideas. To lodge yor vote, simply 'like' it.
That's my laught for the day.
A couple of legit questions:
- Would the company have come clean on the ring fence debacle if the internet, and the ANP website hadn't exposed a couple of issues.
- Why no mention of potential funding/cap raising investigation. It's obvious they need it.
- Has the selling been coming from Christian over the past month or so. Who else has been dumping?
Add to My Watchlist
What is My Watchlist?