RE:AGM QuestionsI can answer some of those for you.
It cost PDQ approx $2.5M to settle with Sintana. (SNN did not pay the Vedal-2x well costs and recouped about $300K in "work performed".
They are apparently doing seismic at La Maye ... i have no idea why they bother, since Noelia was dry. More prospects? They need to just sell the thing.
Here are some more questions:
- Where is the corporate presentation with DETAILED work programs and prospectivity on each block?
- Why have only 2 wells been drilled at CPO-5?
- Why was Verdal drilled to only 6,000ft (after stopping at 5,000 ft), and only now being evaluated for deepening of the well?
- Why have we not followed up on Dorados-1x, which had 200+ft of potential net pay, plus unconventional potential pay, particularly when it was noted that there is 20 Api oil present, and there was significant formation damage that prevented flow? Why oh why?
- Why did we offer Krishna et al significant bonuses for "resigning" when they destroyed shareholder value, destroyed company relationships, and left of their own accord? Especially when we do not have sufficient cash to pursue current initiattives?
- Where are the results for Loto-1x?
As my daughters would say, fudge.