RE: Fleecing If your too impatient and don't believe in this deal then move on- some people are tried of hearing all these negative comments. The resource report is not delayed its a large complex document that RPS is taking their time and there isn't anything management can do to rush them (It will be finished when its finish). Management pulled off a very successful re-entry have thrown tons of their own money into the public market, recent debt financing and pp's to show their confidence, dedication, and the fact they want to make a good win down the road if its either a quick sale or proceeding the development of this economic field.
-Cavanagh has been through many successful buy outs in the past (Addax $8.6 billion in 09)
-Asibelua (Miras Chairmen) largest shareholder
-Huge increase in pay zones from tsb 1 re-entry with no water just 41 api oil (Well already showed contingent oil resources of 8.7 mmbbl P50 basis).
-Only insider buys no sells.
-Unsolicited expression of interest in Mira before the report is finished and before First Energy can start to market.
-Approx $41 million market cap currently so much upward potential!!!!!!!!!