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Obsidian Energy Ltd T.OBE

Alternate Symbol(s):  OBE

Obsidian Energy Ltd. is a Canada-based exploration and production company. The Company operates in one segment, to explore for, develop and hold interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin directly and through investments in securities of subsidiaries holding such interests. It has a portfolio of assets producing around 35,700 barrels of oil equivalent (boe) per day. Its operating areas include Cardium, Peace River and Viking areas of Alberta. Its Cardium asset is a fully delineated and de-risked asset. It is focused on manufacturing repeatable low-decline and high-netback light-oil wells across its Cardium land base. The Viking is a light oil, horizontal development play located in central Alberta. Its operations are focused on the Esther area. Peace River is a stable, cold-flow, base production asset. It operates on a contiguous and an acreage within the heart of the Peace River Oilsands region.


TSX:OBE - Post by User

Bullboard Posts
Post by makedonkaon Aug 11, 2019 8:51am
47 Views
Post# 30015715

Kherson

KhersonI just read the news.It appears that your troubles from the past with St.Ellias Mines have come back to haunt you, once again.

Incredible.

For those new here, you should be aware of Kherson's history.



The defamation suit, filed at the Vancouver courthouse on Friday, Feb. 15, complains about a number of messages on Stockhouse, Agoracom and other sites. According to the suit, the messages accused the company of misleading investors about drilling results from its Tesoro property in Peru. Some posts said the company was intentionally drilling away from the mineralized areas, while others stated that management had secretly taken gold from the property. 

The defendants, most of whom are not identified by their real names, include a forum poster named "Kherson." The suit quotes one of his posts, dated Dec. 16, 2012, which read: "If the ore that has been mined, has been processed and the monies made have been pockeedt [sic] by someone other than SLI, then yes Lori and the gang will be standing in front of a judge. Whatever is going on behind the scenes with SLI, we need a Forensic Audit ... ." 

One defendant, only identified as "Rinky," created a post on Jan. 6, 2013, which accused management of wanting "all the gold for themselves." Then, in a message a few days later, he urged shareholders to vote for the dissidents at the then-upcoming AGM. He said the company needed a plan for salvation from the "Wicked Witch of the West." He also said that Ms. McClenahan belongs in jail, "right along side Bernie Madoff," the suit states. 

Another of the defendants, only identified as "jon_doe," created an Oct. 26, 2012, post that read: "I personally would rather have a group of trained monkeys running this company than who we have now. At least they would be honest." 

According to the suit, the posts meant that St. Elias had lied to shareholders and had fraudsters and criminals for management. Moreover, the posts meant that directors and officers were involved in a scheme to misrepresent drill results so they could hide a "stash of gold" from shareholders. The posts also meant that Ms. McClenahan is corrupt, is a criminal and ought to be in jail, the suit states. 

In addition to the allegations against the forum posters, St. Elias complains about an on-line petition that the dissident group set up. The petition, titled "A Call for Investigation Into St. Elias Mines Ltd.," sought a thorough investigation of the company by regulatory bodies. According to the suit, the petition implied that management had engaged in some sort of "egregious conduct," had published inaccurate news and had acted in a conflict of interest, among other things. The suit identifies those behind the petition as the Hastmans and a former St. Elias director, Murry Braucht, who are all defendants. The actual text of the petition, as quoted in the release, did not state exactly what management had done, only saying that the company's conduct warranted investigation. 

The suit also claims that many of the defendants, including the Hastmans and Mr. Braucht, took part in a conspiracy to either damage Ms. McClenahan's reputation or to remove her as chief executive officer. This conspiracy included the intimidation of those who supported management. Among other things, Mr. Braucht allegedly said to one supporter: "I don't get angry. I get even. If you're in with Lori, then you are going down." According to the suit, he also told St. Elias's investor relations man, Donald Ronning, that "if anyone ruins this [the AGM] for me, their day is coming." 

https://www.siliconinvestor.com/readmsg.aspx?msgid=28737378


Some great stuff being posted recently about the corrupt ASC. I have had a few personal experiences with the ASC concerning the illegal insider buying of Daylight Energy during the takeover negotiations by the Chinese and of course the fraud that was Poseidon Concepts. What investors do not realize is that the ASC actually tried to have destroyed certain financial information concerning Poseidon Concepts, but thankfully, the person holding that information gave it to the SEC instead, which jump started the initial investigation.
What was also interesting concerning the above two companies was that certain management employees were related.
Kherson
Bullboard Posts