Post by
Guytorule on Aug 10, 2024 10:24am
Video Interview..Same Old-Same Old
We now learn those velocity strings won't be completed until late August/September 2024. In news release of May 23rd last, he indicated timeline and that they would be completed in July. More delays as usual and now we learn Al Thorsen has resigned or retired and no longer involved as he was the expert brought in with dealing with the water load problems and in his expert opinion required those velocity strings. His exit does speak volume and leaves investors some what shocked and questioning the true state of affairs with the operations. Interview was Same Old by CEO and goes on to lead investors of a possible potential future JV / Partnership or Merger with others? as to their Technology with long reach drilling. Time will tell, I guess. Very surprise to see Thorsen go.
Comment by
mcnils on Aug 12, 2024 4:05am
Guytorule, well said, there's nothing more to write. The CEO is lining his pockets without delivering the corresponding performance. "Shareholder value" are two foreign words for him.