Post by
Heliopolis on Jul 13, 2014 11:17am
field sales
who bought the texas fields for a quarter of what EOR paid? who is private party buying crossroads field (80% of EOR's historical production with best netbacks)? they don't disclose. they will be left with 20% of production with negative netbacks and quarterly losses until they spend crossroads proceeds on their own salaries. that's the plan. then maybe run up unpaid salaries and bonuses so they are the largest creditors in a bankruptcy, and cherry pick the wells for their retirement (imo).