RE: Helios!8 May 2018 23:30
Fadec people aren't happy I think many are thinking the board made true deal maybe with one eye on their own positions (probably human nature) , as this deal even with only 8 wells probably delivers that. I think they were on the cusp of a great time with east Denver oil price probably near$80 when being extracted, top preforming wells for area,payback time on wells shorter time as oil price rises, perhaps 16 wells on pad 15 , other have asked for this on the COGCC site and we supposedly have the tech to deliver this don't we? The only answer is they are going to spend the current funds quickly to prove Helios,or new land deals now in ED,not ponder months wasting the cash on attempts to battle renegade,for 6% of proceeds or will True take this through the courts. Share holders need to see this new direction pretty well immediately I think. Ten days since finance deal let's hear some thing new. Let's hope we have a land deal set up and ready to go.