RE: LUNN OUSTED FROM PENN PETRO BOARD9 Nov 2025 08:30
Correct Gasman,
We still have not had a satisfactory and clear outline of our position with respect to our leases in America, just taht they've been written down and 50% were going to be used to pay back Petroquest. Who obviously feel that thats OK, so ergo they must be worth something. Dis Petroquest accept this without being told which leases they were getting? I doubt it, yet we are not told what we have. RM has been entirely useless in this respect as i would imagine he would have had a detailed knowledge of these as he was planning on drilling them.
Company still refuses to issue shares to the person who is owed 6million, even though they have 8 million head room. They know he will vote against them, so anyone who thinks the vote was close, dream on. Instead they are saying you can have your 6 million if you give us a free hand to issue more shares unchecked to whomsoever we wish. Last week Lunn was telling shareholders that he was engaged with the relevant person's representatives on this matter, even though the person in question hasnt appointed anyone to negotiate on his behalf. So yes massive issues regarding honesty and transparency.