Compass Venture Inc T.CVI.A

RE: RE: RE: RE: Management

[CalifDreaming]

CVI is the operator with controlling WI, so Reliance doesn't have much pull.  I've always been surprised why Reliance bother with such a tiny interest in a horribly managed concession - I guess doesn't say much for how competent Reliance is.
Unfortunately, "management" owns a ton of shares and.the BOD is a lapdog.  If the BOD were actually independent (as they are "supposed" to be), they'd have kicked Shimoon and cronies to the curb years ago.
5K net by year end is definitely achievable (CVI has the productive capacity of perhaps twice that), but until a pipeline is built, tbey are limited to 10K gross by Yemen. However, if a p/l gets built within 5 years, will be an amazing feat for these bozos. How I see it working is CVI finds some goodly amount of reserves and then flogs itself to a competent oil company while CVI continues as a rank exploration company with Ethiopia as their main project.