The CEO needs to address URGENTLY his poor communication to his shareholders!!!
We were told by him that #2 well would be in FULL PRODUCTION by December 2012.
At present we are faced with a freefalling share price due to the uncertainty of this wells production potential.
Now we the shareholders, can give him some leeway for circumstances outside his control, eg external contractors not performing, which appears to be the case in this instance but he cannot expect his shareholders to be supportive of him when they are not giving us a complete picture of the production testing being carried out on this well.
The share price has dropped approximately 70% in the past month and IMO that is due to the uncertainty of the #2 well to be commercial or not?
needs addressing
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