Re: The 'Tele' adn Buyout of Leases?
in response to
by
posted on
May 27, 2008 04:33PM
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I missed the earlier comment about leases being bought out.
I sure hope BC isn't giving away any more of our assets at firesale prices. He made it clear at the AGM that we have a very big gas find in JB#2 - sufficient that he was "amazed at how quickly the bickering among the partners ended when we hit the zone with the gas" in JB#2. Also, that they know the Copper Ridge has big oil, so big, that it could extend beyond Morgan County.
Since, not if, but SINCE we have a major find, one that extends to 5 wells, Mgmt better not be giving away any more of our dwindling ownership in Morgan County at 10 cents, when a propper NR would drive the share price up, making raising money much cheaper.