RE: Take Note That NowhereFirst of all, your issue with management is so far off the mark it’s laughable. Chayan, in particular, is a very bright executive who is well connected and highly regarded within the industry – I for one am very pleased he is in and Bradley Johnson got thrown out. Furthermore, the quality of the board (some of whom own a LOT of stock) is very high for an issue of this size.
Secondly, regarding your statement:
“in the NR do they ever mention how much production will be achieved .25% of what are we getting. These NR never give the details required for investors to know what profit impact will be in it for the company.”
Are you for real?!?! It appears you don’t understand what you’re invested in. This is an appraisal well….until it’s cased, completed, tested and more importantly…..starts producing….NOBODY KNOWS WHAT THE PRODUCTION NUMBERS WILL BE!!! Is that clear enough for you? Do you even know the back story on their producing well (Cuisinier 1)? Did you know the production (after the well was cased, completed and tested) was originally expected to be ~100 barrels/day? The storage tank filled up WAY faster than anticipated because production was 4x expectations. This a raw junior exploration play; you better get used to the unknown and be prepared for a lot of volatility as things, both good and bad, become known.