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Rodinia Oil Corp. V.ROZ



TSXV:ROZ - Post by User

Comment by hookskipon Apr 03, 2014 4:43pm
243 Views
Post# 22408216

RE:RE:RE:Rodina Investor Relations Phone Number

RE:RE:RE:Rodina Investor Relations Phone NumberJust got off the phone with the CFO of Petro Frontier (First name Shane). (Rodinia and PFC shared the same office space so that is why the phone number is the same). He told me that he was the CFO of Rodinia but resigned when the company ran out of money. He told me that all officers and the entire BOD of Rodinia have also resigned. I asked if Rodinia still owns leases in Australia and he said they do. Rodinia has had some interest from other companies about purchasing those leases but nothing has come to fruition. I asked Shane if there were proven oil reserves under the leased lands and he said no there isn't. What he means by that is that, so far, no commercially viable pools of oil have been discovered. Rodinia drilled 2 wells and only hit oil that has infiltrated through the rock formations but did not hit an oil pool. I asked Shane if PFC was interested in buying the leases and he said no they weren't interested. He said the cost would be too steep to do all the necessary exploration so they are putting their money elsewhere. Finally, I asked him what will become of the leases if Rodinia doesn't secure a buyer. He told me the leases would revert back to the Australian governments that control those lands. So folks, I think our Rodinia investment is nothing more than a tax write-off!!
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