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In April 2010 I was still drunk off helping build Pure Energy to...

  1. 81 Posts.
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    In April 2010 I was still drunk off helping build Pure Energy to a billion dollar company. Sorry.
    disallowed/business/pure-energy-accepts-bgs-near-1bn-bid-20090218-8bdh.html

    This announcement was signed off by the entire board, including most of the current board.

    It's hardly shocking for a company to speak optimistically about a prospect prior to drilling. It's incredibly exciting.
    Unfortunately, a 'new target' had to be chosen because of the technical problems mentioned above. So the primary target, as mentioned, has never been drilled.

    This is 'public' information, but has been released in a very obtuse way.
    If I do get a chance to run MMR, I can make this information more clear in the first Quarterly.

    My 'motive' is simple. I want to build this company.
    Back in Nov 2016 they announced that the company would hire a new MD. They are still rudderless?
    Why didn't they make Greg Channon the MD? If he can raise $4-8M for seismic, why did he leave the company to do it?

    One thing is clear to me, if there are no changes, there is unlikely to be any resolution of the legal issues, and they will all sue each other into oblivion.

    Just my thoughts on an exciting Saturday night.
    tom
 
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