RE: Is Forbes Really to Blame? If not 100% to blame, then what percentage? 110%??
The fact is that these guys have made some major blunders in running both Vast and Longford into virtual bankruptcy. Vast ran out of funds before their well could be finished. Longford did not even get to the starting gate. Other operators have meanwhile operated quite nicely during trying times.
Chalk this up firstly to greed and then to oil inexperience. Being blindsided can at times be forgiven, but these guys have always seemed to have their own interest first and the common shareholder a distant priority.
Many have posted that they will never invest again in a forbes company. Count me in this group. I am still wondering how these guys could have screwed up so badly?