We have been played I cant believe you guys are even talking about this! If anything the shareholders should lynch David Forest and his group for what they are doing:
1. He is apart of the company who took the operatorship of the locations
2. He is apart of the company that is buying the assets off of WPP
3. He doesnt have the money?! He ownes his own service rigs and service company
4. Convinient how WPP went from 170 bbl/d to 108 bbl/d and most of the wells are shut in
Forest and his group have scaled back production, wrote down the asset base, got approval to deal and are now going to buy the asets for $.50 on the dollar. We are all the suckers! The onlything that will be left for the shareholders is a small amount of debt and a W*F happened there.