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Lucero Energy Corp Com V.PSH


Primary Symbol: PSHIF

PetroShale Inc is an independent oil company focused on the acquisition, development, and production of oil-weighted assets in the Bakken and Three Forks formations in the Williston Basin area of North Dakota.


OTCQB:PSHIF - Post by User

Bullboard Posts
Post by metzgfon Jul 26, 2005 3:50pm
245 Views
Post# 9323648

Finally clearing up

Finally clearing upThe picture is finally clearing up for me. Cotter made all of his decisions months ago. He decided to buy in for 10% in Texas. He decided to buy in for 20% or so in Michigan. He decided to buy in for a share in Alberta. And he decided to buy in to Kimbal. Since then, Cotter is no different than the rest of us. He, like us, is just waiting for the major partners to take action. He can only report on what they have done after they do it. I doubt if he knew they were going to stop drilling in Texas. I doubt if he knew they were not going to install the pipeline in Michigan. I doubt if he knew they were not going to drill in Alberta. When you hold less than 50% interest in a venture, you don't get to vote. I don't believe PSH holds a 51% interest in anything. If they did, we could blame Cotter and PSH. Let's face it. We bought a lottery ticket and until they hold the drawing there is nothing we can do but wait and hope for the best. Cotter may have a few more tickets than the rest of us but he can only wait and hope just like us. I just hope our number shows up when the drawing is actually held.
Bullboard Posts