Lucero Energy Corp Com V.PSH

PSH

[metzgf]

During the past few years there have been a lot of complaints about PSH management not keeping shareholders informed about what the company is doing.  I gave them a pass on this since the only action taking place was in Texas and PSH, being only a 10% partner, had no control over what was being done or what information was being released.  Ontario is a different story.  PSH owns 89% of this action so they are totally in charge.  PSH management is making all of the decisions about what actions are being taken and about what information is being released to the shareholders.  The last information released indicated that drilling had commenced in Ontario and that completion of drilling was scheduled for mid November.  Since no news has been released it seems possible that there is nothing to report, meaning that nothing was found.  I hope this is not the case but I feel that a lack of information about progress in Ontario may mean that no progress was made.  Why else would PSH management be keeping the lid on information?