Post by
TheLandedEagles on Apr 25, 2024 10:54am
Reserves MEAN NOTHING..If you can't get them OUT!!!
Nothing here for CEO to bragg about...This reserves were here for many years prior to CEO acquiring this SASB Gas Block. If you can't "GET IT OUT FOR PRODUCTION"...THEN, you have NOTHING!!!!
Since they acquired this block, and promoted the hell out of it..and raised MILLIONS, and while success with the initial drilling...NOW, its evident that this Gas Block has major WATER problems and currently NOT producing. If you can't resolve these problems/issues with those Artificial Lifts...THEN, I suggest this block will be WORTHLESS!!!!!...This CEO (Halleran) has dickered around this WATER problem for the last 6 months or so and still he's waiting for equipment to arrive..This must be telling of what this CEO is up to, in my opinion. Seems to me he's just running out the clock and continues to pay himself very well with hius annual salary of $500K, plus cheap stock options and continues to have his private numbered corporation correct cheap shares in exchange for their debt.....One, has to ask themselves,...WHAT Possible services is his company providing, while he collects a hansome salary?? and authorizes these transactions to his private company..."DO YOU NOT THINK THIS CAN BE VIEWED AS A "CONFLICT"....of Interest...By shareholders. CEO , in my opinion as a lot to explain here.....