Friday, April 11, 2014 12:37:11 AM
Nothing happening at VOIL. They let the Beaver County leases go back to the original owner, and are now in possession of some leases in Iron County, near Parwan. They need over $4M to drill on these leases, and they don't have it. There's been nothing new in over two months. The leases are located far from where commercial quantities of oil have been found, so the drill program would be highly speculative to say the least.
I had high hopes for LSTG. If they'd been better capitalized, maybe they could have made it work, who knows? I also wish they'd been honest and forthcoming with the shareholders. Mr Ferris has a long way to go before I ever trust anything he says again.
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