Post by
Guytorule on Oct 12, 2024 12:25pm
Timing Is Everything With VS Installation !!
New lows, hit .09 cents with increased selling volume. Investor jitters rising more and more withTax loss selling only continuing. Absent those Velocity String installations it will have similar affect on share price declines before getting any results on their success..which is many many weeks away, if not until new year. If their previous contract in Romania for that Snubbing Unit doesn't get released from their contracted obligations in Romania and may not arrive until who knows when. No word from CEO, that the unit has arrived at SASB, which he had indicated it was being mobilized. Timeline undetermined on its arrival and a specific arrival time had not been mentioned in CEO last release. Timing is everything!!! Last news release of October 4th stated by CEO that they had on September 30th secured a signed contract for that Snubbing Unit and was being mobilized from Romania to SASB platform. Here we are today October 12th and still no word from CEO on its arrival and commencement of these VS installations. Again, more deflection and uncertainty with this CEO's rhetoric , we now learn that the on-shore oil earn-in exploration agreement is no longer valid and has been forfeited. SASB, may also be in jeopardy, if they don't install these VS very soon, before those waterload problems reoccur in the currently producing wells. At ths point, its problematic to know if these gas wells are still currently producing, its material information and shareholders have a right to know. CEO needs to advise current operational status...everyone should email company and CEO and request an update..its a legitimate request and "timing is everything" and company needs to be transparent.