If the posters ( rampers ) claiming Stitch 1 is a 1 in 3 chance are correct ICN must be swamped by oilers who want part of the action.Maybe this is why there seems to be a total communication blackout at ICN! I've always rated Stitch as a 1 in 10 chance which drifted out to 1 in 20 when STO walked. Even the resident ICN geologist might have been convinced enough to call a halt.The oil industry as a whole seems unimpressed as no new partnership has been announced.I thought we were to have a drillfest (10 wells in 18 months was suggested some time ago ). Apparently we have a talkfest. Negotiations seem to be on-going.Mr .James was interviewed on board radio some months ago. There must be some obligation to do a follow -up. If interviewing I would ask the following:
1. You gave a very lucid interview on up-coming projects some months ago. Can you explain what went wrong with most of them?
2. In particular , can you tell your shareholders the real reason STO walked?
3. Are you still confident that Stitch is a goer and is it likely to be drilled in the next 6 months?
4.How many companies have approached ICN to take part in the action?
5.Has permission now been obtained to drill at the site and has site preparation commenced?
6.How many companies has ICN approached to help defray the expenses?
7.Did you sell leases to STO to drill wells or to pay the wages over the next year or two?
8. Did you think of issuing shares to intelligent investors instead or have they lost interest?
9. In the US is CLK still a player after completing part of one well and did this earn them their 65%?
10. Is CLK still a viable company?
11. When are the promising coal gas wells expected to be drilled
I am not waiting in the dark much longer. I think the directors are in the dream-time. They throw up a date knowing full well it can't be met.Can anyone add to my list or possibly give some answers. I'm not interested in the one liners from the rampers!
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