What`s UP?Hello Everyone,
I am having great difficulty understanding why management fails to aggressively drill their property where they only have to reach a target depth of 2,600 meters in about 90 days max to become an oil producer. Who sits on idle money? If this property had been drilled in December 2010, we would already have become an oil producer generating $$$$. The lact of motivation to do this tells me that we might not have the oil at all.
It is obvious that we are not getting the whole picture here, something is missing. I just hope that investors are not getting scammed? Would be funny to see Soros being vicitimized by this, the one whom is suppose to know all.
The first bad signal is the involvement of regulators. The second bad signal was the cancelled PP. The third bad signal is lack of funds to complete 1st drill. The fourth bad signal is being in material arrears of fees owed to Kurds government. Plenty of bad signals for sure.
It is obvious that management will not invest in LFD success until VST has completed its project of 1st drilling.
I don`t know the reason why they would limit their chances to just one project.
I also find it difficult to understand why investors would be selling at 19 cents, in essence throwing away their shares at a loss? Why sell at a loss?
Any ideas as to why this is happening?
For sure the frustration level runs high since investors were lied to on many occasions by management not keeping their promises (ie: not honouring drill dates in Press releases, not honouring PSC contract terms, not honouring the warrants they promised to investors, not honouring the cake they presented to everyone)....
Just my honest opinion