SXP sapex limited

results not released but seismic study done

  1. 949 Posts.
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    SAPEX HAS JUST COMPLETED A SEISMIC STUDY OF THE ANKARINGA BASIN IN READINESS FOR PETROLEUM EXPLORATION AT THE END OF THIS YEAR. THEY HAVE SIGNALLED THAT THEY INTEND TO DRILL TWO EXPLORATORY WELLS AND HOPE TO FIND PETROLEUM.

    WE DO NOT KNOW ANYTHING ABOUT THE RESULTS OF THIS SEISMIC STUDY. I PRESUME THAT THE BOARD KNOWS SOMETHING ABOUT THE RESULTS OF THIS SURVEY BUT DOES NOT FEEL THAT IT IS IMPORTANT TO KEEP US SAPEX SHAREHOLDERS INFORMED.

    SOME WITH A LESS CHARITABLE MIND MAY EVEN PRESUME THAT THE LINC BOARD KNOWS MORE OF THE RESULTS OF THIS SEISMIC SURVEY THAN SAPEX SHAREHOLDERS.

    WHY HAS THE BOARD NOT INFORMED US OF ALL THE RESULTS AND CONCLUSIONS MADE FROM THIS SEISMIC STUDY THAT ARE AVAILABLE TO THEM NOW SO THAT WE CAN MAKE AN INFORMED DECISION OF WHAT THE COMPANY'S POTENTIAL IS AS FAR AS PETROLEUM POTENTIAL IS CONCERNED.

    DOES THIS MAKE THE COMPANY'S BOARD NEGLIGENT IN THEIR CONDUCT OF DUTY OF CARE TOWARDS SHAREHOLDERS??

    THERE IS MUCH THAT TROUBLES ME IN THE CONDUCT OF THE SAPEX BOARD
 
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