Aster Acquisition Corp C.ATR

Unfortunately

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This appears to have stalled. Unfortunately hidden within mooselip's profanities there are a couple of reasonable beefs. Mad cow or mad moose? I too find it unsettling that disclosure of the hiccups wasn't more forthcoming. This is a direct reflection on management. I guess when they hold 40%'ish they can be somewhat selective with what they don't and do say. Sure, there was a problem with some of the injection wells at Breton in December. Why not let shareholders know about those challenges a bit earlier? There were lots of opportunities with news releases..... maybe it happened after the Dec. 19 closing of the pp, but still there were news releases re: Panterra acquisition and financing in February, reserves evaluation in March, closing acquisition and changing financing terms in March and then yesterdays release clouded in the bantering of percentage numbers. A plea to management from one of the "little peoples" -- You need to be more forthcoming with the challenges as they happen rather than saving them up. The 2005 annual is on SEDAR. I know there was one news release a while ago but possibly a bit of class could have been shown with at least an acknowledgement of contributions in the annual to the deceased CFO and the time he was involved with the situation? Possibly poor taste on my part but another reflection on mgmt.? Back in September at Rapport Capital's COPIC conference ATR mgmt. told their story. At the time they were explaining that a big part of ATR was the midstream side. The 2005 annual and Wednesday's news release doesn't really mention midstream stuff at all? Why the change in visibilty? Mooseman mentioned this already. There's some mention on the ATR website but why minimal mention in the cuurent annual? The annual also shows that G&A is racking up some sizeable -- given the small production -- costs. Sure, there's bound to be some lag between the new hires coming on board and the refocussed ideas producing results but how much time is reasonable? I hate placing "hope" into an investment however hopefully results can become a bit more apparent down the road. Back to September's COPIC hypefest. At the time CAPEX for 2006 was being touted at somewhere around the $5mil. mark. That number has now been increased by 20% -- written in the vein of Wednesday's news release -- and is now anticipated to be around $6mil. for the year. Production estimates were missed but overall they still seem to be ballpark to what they were being touted at last fall. Accompanying the increased expectation re: 2006 capex there appears to be another financing built into the plan. Another plea from one of the "little peoples" -- PLEASE DON'T DILUTE EXISTING SHAREHOLDERS OUT OF THIS SITUATION. It is recognized that from the early Holy Smoke days the share price has done "o-k"; not really spectacular, not really crappy, just "o-k" relative to peer mkt. situations. The National Bank has also come along side and has been raising credit line levels. That's probably not a bad thing in many respects and I respect some bankers assessments. Increasing credit lines is a potential positive, how they are used (if?) will eventually tell the tale. Even though the trading in this thing is illiquid at best, according to SEDI there still appears to be continued insider support by some fairly experienced names. That too does add some interesting color and begs the question --------------> WHY? Final plea to management -- GO MAKE IT HAPPEN! Patience is best for places like hospitals, there has already been too much patients shown with this situation. Say what you're going to do, do what you say you are going to do and then some. More clarity re: midstream side and things like the g&a spending are desired.......... There, rant finished. Time for management to start!