RE:new / latest interview.......Like I had suspected and feared...and had posted many times...,all 6 gas wells are experiencing the water problems.
Their appears to be no, to very little monthly revenues coming in. He did confirm botas current pricing is $10 to $11 dollars..what good is that when your not producing any gas. There are fully focusing on the SASB gas block and putting the oil on-shore on hold. I now suspect they have not complied with their initial earn-in requirements with spending that $4.5mm U.S..dollars and suspect they have forfeited that oil agreement, in my opinion. Not telling shareholders the truth..CEO, keeps with his on-going rhetoric about the potential revenues that will come in. Even the interviewer appeared doesn't believe anything this CEO says..he tired very hard to kind of help him with spinning a positive outcome longer term. This CEO, is a complete failure just listening to him and would have any investor to SELL immediately...My view is ..nothing here. He is basically doing or trying to do damage control and has admitted he purposely didnt want to brief the shareholders, but was pressured im sure and we know why.. with all the problems and the hold on the oil block. All bad news here..Im afraid. This interview is only going to put more and more pressure on the stock price...who would even consider buying currently or company having any hope of getting any financing...now we have the update...Not good my friends.....Just my opinion.