Hi twins,
What i have posted re court action and the audit against Metro Energy is fact as it was announced in their last ASX release.
The current CEO Peter Moore is doing a good job and he has at last taken the appropriate action, in my opinion, against the operator, Metro!
However i have still serious concerns as to just how long this will drag on for before it is resolved?
In the meantime nothing is happening with any drilling and it would appear that this could be the case for goodness knows how long?
This is being blamed on the current economic climate, yet Redfork Energy who also operate in the same area in Oklahoma have a very active drilling program for 2009, 4 wells drilled to date this year.
The share price at present is now a joke and the current market cap is at about one third of their cash in the bank.
The shareholders should be up in arms as to what is going on at K2 Energy and it is time IMO that we are given "all the facts" as to where the company stands.
Add to My Watchlist
What is My Watchlist?