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0.3¢ hawkley oil and gas limited

Time for a change, page-16

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Flexi

7 Posts.

27/11/19

01:00

Post #: 41649528
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Originally posted by tomfontaine: ↑

By now shareholders would have received their proxy for the proposed board change.
I obviously encourage shareholders to vote YES to both resolutions.

If the shareholders vote to change the board, we have new projects and experienced board members we wish to bring into the company.
The cornerstone project is an oil (and gas) production project with positive cash flow, and reasonable upside.

We are also negotiating on several other projects that have considerable upside potential.
It is getting harder and harder to re-list suspended companies on the ASX. The project(s) will have to get ASX approval, there will have to be a full prospectus issued, and a minimum of $5M raised. The company is likely to be permanently delisted if it does not come up with a viable project and re-list prior to Jan 2020.

The current board has had over two years to find a new project for the company.
It is time for a change

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Tom,

Why the rush to get relisted? Can't you get private investors to fund the next year or two until HOG has (to some extent) derisked the US asset by having a track record of sustained production and revenue?

I bought shares back in 2011. What happened to them - did I get diluted? HOG does not send me info anymore.

Flexi

HOG Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
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