DYOR into this billion dollar oilfield which LAR sprukes to the OIL Council as if it is 100% their property with A5 logs (we have been waiting for them for months) and full field reserves (dito) and the former President Smith dismissed.
MeToo posted the following :
http://www.oilcouncil.com/sites/default/files/files/Latin American Resources.pdf
Also Shocks, check out LAR's CEO here : (Kiwi has a lot more if he were asked nicely)
http://translate.google.com.au/tran.../es/20130729/investigacion/231814&prev=search
Now your question. 'Is there a cover-up?' IMO NO - They are not even bothering to cover it up anymore. LAR has just said to CTR "pee off - it's our oilfield, you did not meet your commitments".
Sure under AUSTRALIAN LAW we are claiming we own 60%, but under Guatemalan Law I am afraid LAR's story is the one which will prevail.
Again DYOR, look at the delays, the excuses (In A5, the salt lenses, heavy mud, no acid wash etc. meanwhile WE all know they only have to go up to C17 and they have an oilwell) I will bet you that when LAR does a finance deal and is 100% fully funded all those problems will just evaporate. And I will bet you that they will drill a flurry of quickies down to C12/C13 and the place will be awash with oil.
Get used to it guys. This is an OKap company and you have been OKaped.
OK, OKap might try to finance you one more time. But where is the 'deal' PL did with Smith in Texas some months ago, and now where is Smith to verify it ?
So Shocks, as I said, tongue in cheek. "Maybe Smith has taken the (perf) gun and done a runner" You might like to consider who he might be running from !!!!
Cheers.
(20min delay)