on the brinkI'm not sure if anyone has had the opportunity to read through the finanacial reports issued since last Summer but apart from the precarious fininacial position they raise one or two questions which are i'm finding difficult to answer. Can anyone help on here?
First - in July 09 we got news 0f a 5.75mil farmout agreement with Euramerica Energy. I cannot understand why this doesn't warrent a comment in the financial reports for end July or end Oct. I'm also struggling to locate any income generated from this agreement.
Second - there appears in the documents a 500k option taken by a third party for part of the Fort Scott project. Again i can't locate the actual sum in the financials and there doesn't appear to be any offical news release in relation to this. The Euramerica agreement was associated with the Thayer and Mound projects.
Third - going back to the Euramerica agreement - there were supposed to be 25 wells drilled in 2009. On checking the KGS (Kansas Geological Survey) and KCC (Kansas Coorporate Commission) website there doesn't appear to be any drilled since April 09 and there's no drill permits outstanding for ADB.