RE: I Can Feel It Coming In The Air !......22 May 2023 12:15
Prophetus I will take that on for you: That we have one the largest onshore USA discoveries in decades," - Do we, or do we have a lake of oil we cannot commercially extract? - I guess we might have known more about this had Art not lied to us about providing the RS resource report, what was he hiding? I hardly think the JV would be still ongoing if the oil was unable to be extracted and I believe other companies in the area are already extracting oil from this resource. I can fully understand Art not giving us the full report as you only have to look at the way that people react on this board when they do not understand something, complete chaos. Art is very poor at communicating with his shareholders and I really wish somebody would sort that out (come on down daughter). For the rest we have no idea what he is trying to deal with, for a start the Biden administration are all over the place with regard to oil and gas. They basically told banks to stop funding oil and gas right at a time when Art was trying to re-arrange the finances. Everybody was up in arms about their being no increases to oil production during what was the worse winter in decades in this part of the world, but the fact that the roads were shut and there was 6ft of snow on the ground was Arts fault.
How would you feel if you had received death threats from your shareholders, not surprising he does not communicate with us very often or put his daughter in the firing line. To try and remove Art at this critical time with the ongoing JV near completion is completely bonkers and would without doubt put the JV at risk, perhaps that is what Stas wants as he is clearly not interested in supporting the company with his daily 'lets fire everybody'.
If the JV collapses and communication does not improve then I will be right behind getting rid of Art, but right at this critical time no way. PS I have voted against the 1000 to 1 proposal because despite being asked, he has not explained his rational behind it.
Lets all grow up and stop constantly talking down the company we are supposedly invested in as its not helping.