RE: InterestingWhat was misleading? throw in slubicki's 50k bpd 2010 exit expectations. then throw in 45k exit for 2011. then throw in the change to 36k yet it hasn't even increased since last summer. they know shits wrong with their reserve yet they keep announce huge expectations knowing they won't even come close to get more retailers to buy more. another misleading thing was the statement where he claimed we had enough funds to meet all our obligations in 2011. so why are we filing for bankruptcy with 182mil in the bank in july. according to slubicki we should exit 2011 with 36k bpd and with current oil prices its all we need to sustain our obligations until well pads 12&13 are online.
in 2009 they stated only 5% of the reserve had lean zones. so why are only 6/93 wells at full production after 3 years?
as well every time there's a bad NR there's a huge sell off BEFORE the news is released. every single darn time. obvious someone is allowing stuff to get leaked.