Post by
billythekidd on Aug 05, 2022 12:24pm
Epic Failure to Launch
Despite Brent crude up 30 - 40 % from August of 2021 we have traded down from $1.20 a 70 percent loss. Management has completed one well re-entry in two years with no new Horizontal drilling. We had OZA1 completed in Nov/2021 but management could not find a way for Oil to Market until July of 2022. The stock started to slide when OZA 1 did not come on stream after the completion in November 2021. Management stressed in News releases that the infrastructure was in place for OZA 1 to flow shortly after re-entry only to find out they did not even have a crude handling agreement. This was the first big Red flag other than delays for the well re-entry. The market quickly lost trust and now we sit waiting month after month for a sign of new Oil from any of the three fields. Management has big salary but what have they done to increase shareholder value? The Oils have really bounced back this year but Decklar has failed miserably and bucked the trend. AGM front and center time to vote !
Comment by
billythekidd on Aug 09, 2022 4:36pm
Market manipulation by house one moving the needle on a 1000 share trade. They trying to show strength in this P O S for selling tomorrow. No support /no volume and very little Oil.