I was venting my anger and frustration not on you but the BoD. 4 years of hope followed by 3 years of lies and obfuscation. The CFO and Lizzie have now left and SP decimated. SN and Zaza are the only two remaining executive directors. Zaza has assumed CFO.
I remember our attempts at dialogue with the BoD, Nomad and PR during the 4 years of hope. Their responses were nothing short of arrogance. Look where we are 3-4 years down the line.
The Varang type deal should have happened a lot earlier. Was it greed on part of the BoD and reluctantly conceded to get a partner on board? I do not know.
This is the Varang Farmout 10 April 2014. They are spending c$36m, should be nearly finished Phase 1 and shareholders still do not have a clue who they are. Are they only working on B12 under cover of darkness only to disappear during day light?
I challenge the BoD to give private minority shareholders SP sustaining news in return for their loyalty
In early August the first to wells were drilled as part of a continuous drilling program designed to drill as many as 60 new development wells. Wells MK#12 and MK#25 were drilled, oil found. MK#22 well next on the plan, with as many as 20 wells planned to be drilled in 2008.
October 8, 2008
4 additional wells drilled, MK#13, MK#14, MK#22 and MK#23. The existence of a major gas cap has been confirmed. Individual wells are also drilling more quickly than originally projected, therefore at least 40 additional wells to be drilled in 2009.
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