Lucero Energy Corp Com V.PSH

RE: Oil back over $90

[metzgf]

It's been a couple of months now since drilling was completed on the Texas well.  It's obvious that PSH knows what they found or didn't find.  So it appears they are purposely withholding the results from shareholders.  Why is anybodies guess.  If we remember what they said prior to drilling it would seem that what they found wasn't good news.  They said they were going to quickly drill four wells.  Since they apparently haven't started the next well, the first one must not have been good news.  Why PSH has such a consistent pattern of keeping shareholders in the dark has never made much sense.  This approach only serves to keep the share price down and discourage new investors.  There have been a number of changes at PSH over the past few years, like the recent addition to their advisory board, but none of these changes have resulted in any change in the way management has acted towards its shareholders.  I doubt if this new Advisory Board Member will bring about any new changes.