HOG hawkley oil and gas limited
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HOGWASH

  1. Flexi
    7 Posts.
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    08/11/15
    23:22
    Post #: 16349678
    When the Chairman sacked Richard Reavely as CEO/MD in June 2011, the company had $16 million in cash, production from the first well drilled, and a plan to drill more production wells. The incoming CEO/MD tried to 'westernise' the company and bring in proper financial and operational controls across the business, but the monkeys in Ukraine got him sacked and replaced by Reavely again (since sacked for the second time). Now HOG has no production, no revenue, and no money. But the Ukrainian management got rich, so at least someone benefited.
    HOG Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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