RE:New Press Release - CORRECTION FROM SOURCE: Corporate Update Oh, great. I'm just seeing this now... though I suspected it for a while.
Those of us who have an interest in WEE always saw that it was an opaque company; impossible to get meaningful information from...
But this...?
Merry Christmas, shareholders! We enjoyed spending your money...
If WEE management had had a nose for hard work, they may have taken me up on the suggestion I made years ago that they buy and work over independant and orphan wells in Canada and beyond. There are tons of them, abandoned and potentially environmentally unsound, but worth millions to the right producers...
Why hasn't WEE had JV's with small, indie producers to prove their technology's worth? Even D.Burger agrees that they tech has value. Why court the big boys, who only want to crush the little guy, to say nothing of their struggles in the geopolitical arena?
Change management's focus, get in the field, and start producing. When the "BigBoys" realize that the small fleet is out-performing them, they'll come asking questions.
Let's not let WEE sell out cheap to finalize the Big Boys' plans...
And if WEE management are looking for a sell-out and a golden parachute...? BOOT!
They knew for a while it was coming to this, and refused to share material information.
Shake this company up!