DO SHAREHOLDERS WANT THIS SORT OF ADVICE?
Read the following company announcements and be aware numerous shareholders have made asic complaints about this transaction when DR KHAN was an offcer of wind hydrogen.
Also at this time it was stated in whl announcements we were in dispute gale force while he was still a shareholder of gale force.No declarations of conflict of interest or related party transactions were announced to shareholders at any time.MAKE UP YOUR OWN MIND
August 11, 2009
POST FALLS, Idaho. - August 11, 2009- JayHawk Energy, Inc. (OTCBB: JYHW) (?JayHawk?) announced today, it has signed a letter agreement with DK True Energy Development Limited ("True Energy"). The agreement allows True Energy to earn up to an 85% working interest in JayHawk's Coal Bed Methane ("CBM") project in southeast Kansas by paying JayHawk $500,000 and spending a minimum of $1,300,000 over a three year period. True Energy will carry JayHawk 100% during this period. JayHawk expects that formal documentation relating to the transaction will be completed by August 31st, 2009, with activity commencing in September 2009.
True Energy has a right to use patented Short Radius Stimulation hydra-jet drilling technology that employs coiled tubing. Existing wells can be re-entered and laterals in excess of 1000 feet are drilled into various coal seams thereby providing low cost stimulation and potential for enhanced recovery. Previous applications of this technology in many different geological formations, including unconventional gas, have resulted in significant increase in production. True Energy's principals include Dr. David Kahn who has been a principal of a number of companies focused upon commercial development of unconventional resources in North America including Ensyn Petroleum (now Ivanhoe Energy), San Miguel Development LLC (now Pearl E&P), Megawest Energy, Gastem, Glen Rose Petroleum. Dr. Kahn has 17 years of diverse experience in the petroleum industry. Dr. Kahn received his Ph.D. from Ecole Nationale Superieure du Petrole et des Moteurs in petroleum reservoir engineering.
JayHawk will continue to own 100% of its 18-mile gas pipeline in Southeast, Kansas and will continue to draw 100% of the revenue from the pipeline. Lindsay Gorrill, President & CEO JayHawk stated, "The transaction is a win-win for both companies as True Energy has access to technology that both companies believe ha the ability to enhance production from JayHawk's existing CBM projects, as well as exploit the shallow oil resources within the leased areas. This agreement will allow JayHawk to focus on its Williston Basin light oil project in North Dakota, where it has more than 17,000 Acres under lease, while at the same time advancing its existing programs."
Investor Contact
Lindsay Gorrill, President & CEO
Telephone: (208) 667-1328
[email protected]
then read whl announcement of 14th August 2009
then the whl announcment of 1st September 2009
If I?m not wrong then Dr Khan signed up his own co for 85% return then on sold to us(whl) with 51% on slightly tougher terms giving the other company (jetside) a free carry of 31% for nothing WHILE AN OFFICER OF WIND HYDROGEN.
Whl has since "relinquished its interest"as per agm report meaning DK TRUE likely keep the asset subject to completing the remainder of the lesser terms copping whl cash input to date for nothing.
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