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Rooster Energy PRBEQ

"Rooster Energy Ltd is an oil and natural gas exploration and production company which is engaged in the acquisition, development, and exploration of petroleum and natural gas and the delivery of well intervention services. It provides plugging and abandonment services in the Gulf of Mexico. The company operates through Oil and natural gas, and Well services segment."


GREY:PRBEQ - Post by User

Post by Papagalloon Oct 27, 2016 10:44am
174 Views
Post# 25392298

Attention all Rooster shareholders

Attention all Rooster shareholdersRooster has great potential and should be trading well over current s/p. The major financial issue at present is the breach of debt covenants and usurious interest surcharges for temporary waiver negotiated by management. In addition, the company IR department and promotional efforts are non existent as evidenced even by Stockhouse website not being updated and corrected from Probe to Rooster. The Rooster website has been neglected with the last presentation more than a year old. Also Chet Morrison Contractors continues to include Morrison Well Services on its own website despite the fact that MWS belongs exclusively to Rooster shareholders, after we paid $95 million for it in November 2014. Chet Morrison Contractors is a private company and not a part of Rooster, and should not IMO continue to convey ownership of MWS. I have recently written and spoken directly with Chet Morrison to relay my concerns and suggestions for a better effort on their part to reach out and communicate with minority shareholders. So far, I don't see any changes. Morrison asked how many minority shareholders share my concerns. From reaching out in the past to some of you I believe we collectively own 15 to 20 million shares. In the event that the company does not act fairly and in the interest of ALL shareholders, there could very well be grounds for a class action lawsuit against Chet Morrison Contractors and other parties. If anyone wants to discuss further in confidence please send me a PM.

I encourage all shareholders to email Chet Morrison directly at cmorrison@cm.com or telephone him directly at 985-968-1950 to ask questions or convey your opinions.
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