Read page 13 of the circular for jan 22, 2015 meeting
And I quote ......"although Anderson had no bank debt, the Anderson Series A Debentures and the Anderson Series B Debentures mature in 2016 and 2017 respectfully. Anderson's business plan has been to pursue growth of its asst base and cash flow in order increase if financial flexibility to meet its obligations when they become due" ................................................ ok, you have 11 months left until the first debenture matures. You have over 30m cash in the bank and a bank line of over 30m dollars. You have DTE costs down 30-40% and a positive futures curve in contango. And you come out and announce you are sitting on your hands for 6 months????? Hello ...... Hello ...... who is running this boat? There is no way you can do this, by sitting on your hands. You should have 10 wells drilled now ... and production up over 5000 BOED so you can easily re-finance. I FEEL LIED TO, AS DO MANY OTHERS.