Member Info for substp

http://www.otcmarkets.com/otciq/ajax/showNewsReleaseDocumentById.pdf?id=1071577676

Has Aronson come back for a second chance at these wells after they were duped with Minmet money the first time? Have lessons been learned and action taken so it doesn't happen again? Why is the operator still CKG on the State of New Mexicos books? Who did Millenium pay for the wells and who still holds 15% of them?

"Michael David George of Austin, Texas, was indicted on November 15, 2006, in the United States District Court, Western District of Texas, San Antonio Division, Cause No. SA-06-CR-600-XR. George is charged with one count of securities fraud, two counts of mail fraud, and one count of money laundering for the sale of investment contracts and fractional undivided interests in oil, gas, and other mineral rights in the form of working interests in oil and gas wells in Wyoming and New Mexico, issued by his company, CKG Energy, Inc." Http://www.ssb.state.tx.us/Enforcement/2006_Civil_and_Criminal_Actions.php CKG is registered as the operator of those 7 wells of Tucumcari exploration ? "Mr. George admitted to diverting investor funds for his personal benefit, causing him to be unable to drill and complete the programs sold to investors." Http://www.ssb.state.tx.us/News/Press_Release/pr_10_15_07.pdf

http://www.getnews.co.za/story?id=2629

Did Minmet get their money back from Aronson?

waitng for the return of £260,000.00

This company has also screwed up the logistics in the East cape now! Maybe the IDC will step in and sort it?

I question why a Nomad would take on such a company after the last Nomad and 3 directors bailed (?) due to sinister 3rd party transactions? Aronson ie Target Alliance, Ivory Mint and President of the Millenium Energy Corp., who will have @ 25% of SNR if/when it comes off of suspension, and has also taken @£660,000.00 of SNRs cash so far (Waiting on the return of $260,000.00) And I have to wonder if SNR now hold 6% of the same gas wells near Tucumcari that Minmet was offered?

minmet

http://nmbbusinesschamber.co.za/blog/posts/coal-could-provide-export-boost-for-port-of-ngqura

Don't know you well enough Mav for such personal questions...... :-)

well servecool they have £650,000.00 of SNR cash so far........ they aren't out of pocket...... and if they do get the shares....... they can sell them off for more cash........ will 6% of millenium shares really make a difference if at all?

Those wells have been there all of those years...... with no one doing anything with them...... Wouldn't be surprised if the 40 million SNR shares will be sold off just like Alliance did theres. All funds to be used for "administration purposes".

It was just over R100 million (@ £5 1/2 million in todays money) unless they've made a deal.This also includes a termination fee. But it might go to arbitration where anything could happen.

So if a deal hasn't been struck with Thelo beforehand that means there are no Elitheni shares to sell as Thelo still hold them? The arbitration I believe isn't until Sept. now..... again ...has a deal already been done?

The Elitheni shares were to be LCLs ticket until Thelo put a hold on them.... Has a deal now been done with Thelo to release those shares?

Or has LCL pulled back because they know they will get all of their cash back with interest with just crumbs left over for shareholders?

So if they plan on giving Millenium 40 million shares and another 40 million shares to aronson for subscription that should leave only 20 million shares from the permissions at the GM of which LCL was to take up to 50 million. Has LCL pulled back/out on their conversion or have they been diddled?

Well he did help Aronson the President of Millenium Energy Corp. get their working capital for those 7 gas wells near Tucumcari without going through the right procedure...... Run Forest Run!

Even if they had a port to take it to........Branch line......financial sustainability...... :-( "Changes to planned targets The complexity of the process to concession the branch lines to private operators and the absence of an overarching rail policy, required the Department and Transnet to refine the existing model to address some of the challenges that had been identified. Given the absence of fiscal support for private operators, new mechanisms need to be explored to ensure the financial sustainability of the branch lines. The new process will be completed in the 2015/16 financial year." Http://www.dpe.gov.za/about/programmes/Pages/Transport-Enterprises.aspx