Deja VuThis reminds me of a stock I used to own many years ago AEO ie Aurado Energy.
You can still find their website although the company and stock are now worthless.
It was at a time when oil was trading at $30 a barrel and heading upwards.
Aurado acquired the rights to the Liman Block in Kazakhstan, a vast area very rich in oil and abandoned years earlier by a Russian company Lukoil, due to the low price of oil at the time.
Aurado had spent quite a bit of money doing its survey annalysis and getting started to drill.
Its board of directors were jammed full of big names including if memory serves me right Mr Peterson the ex premiere of Ontario.
Overnight the Kazzakhstan government revoked Aurado's liscence and awarded the Liman Block to its previous owner who then handed it over to the Russians.
Owned quite a few shares back then and wound up with nothing.
I like this management and have not sold my shares yet but It is starting to feel like history repeating itself.
Good Luck to us all.