Hi Lachlan07,
An audit is being demanded of Metro Energy of all the wells that they drilled for THK & KTE.
They have been asked to supply breakdown of associated costs charged to THK and KTE and until those figures are forthcoming not one cent more is being paid to Metro.
An announcement providing further details re this issue will be made in the near future.
So it appears that my concerns re Metro Energy were well founded unfortunately.
What i would also like to find out is why the previous CEO of Tomahawk never queried Metro's costs????
I have checked out other operators drilling costs in the same area as KTE and their drilling cost per well is less than half of what Metro have been billing KTE!!!!
Very, Very SUSPECT!!!!!!!!!
As far as my considerable investment is concerned, i have written that off as there is no way KTE are going to get to any where near what i paid for my shares, but i would not be an orphan in that department at present.
Cheers,
dapper
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