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Great summation of the SIOR saga. Possibilities versus Probabilities. Is it possible Danny will make things right for SIOR versus himself? Certainly. Probable? ------
Yep. a company like SIOR has an added layer of due diligence to show no foul play. Why? Their questionable history. They created this. if they wish to restore integrity and trust - they should take extra steps of transparency and communication. As far as our lovely supersized government policing SIOR- lets not rely on insanity ;) What will keep SIOR in check is shareholders and lawyers ready to take all of their assets due to Mis behavior and pursuing self interest versus the best interest of the company.
Opinions are great but facts are foundational. Every shareholder should be able to review and account for the historical credits and debits of Cactus drilling and any other entity/person in which assets have been transferred out. Where and how did Cactus drilling get its assets from? This transferring of assets out remain highly suspect until historically proven otherwise. Regarding errors, s--- happens and life is a portfolio. The better the management, the less errors compared to the good decisions.
Correct and great point. My oil and gas company just got offered $600 per acre from Sandridge plus an override just to lease our MISSisipian rights. SIOR got a premium for leasing all zones so where did this monster stack of cashola go?
I can place a call in Monday. The con is these lawyers will need fuel to dig deep. The pro is the earlier the better to stop fires from consuming everything. It would have value to hear it from Dan (how soon he returns calls is a good litmus test and his oral replies when put on spot) and better to hear from a 3rd party reputable legal firm - to make sure and protect everyone's investment from foul play.
Roh roh. I know of a reputable law firm in OKC. I seem to recall the xfr of assets and assignments out of SIOR to cactus drilling and other entities / persons have been going on for a long time w SIOR.
If W/D had interest- maybe we can nominate him to be the new CEO for SIOR or have him bring in the team to take SIOR to the next level? Lots of us have lots of shares and its a small group. The smaller the group the faster things can "make it happen"
Well, regardless of superior - we support you JR. U have been straight up w us and patient and taking action with your words. We appreciate Ur work and others. Hope those checks come in good and u don't have to greet us everyday @ Walmart.
It shouldn't be longer than 6 months of production for the initial check. Some savvy oil peeps can get it earlier. A call to them won't hurt...
The Mccoys (Gail) are the same as SIOR inc... To my knowledge - odd how they r seperate entities ?
Gr8. Encouraging since you already have already had dealings with them and speak highly of their integrity!
Congratulations !
When do u expect to see your first paycheck from Devon, the operator? This will give you a good indication of there integrity as an operator- wether or not the "over operate" your working interest or are fair about it. I don't know what their reputation is as a WI owner....
Please keep up the good investigative journalism. It's not your fault - you are just trying to help us all - The good messenger.
Keep up the honesty. We do appreciate it. Easy to use words but difficult to take action like you and a few others on this board. Its mutual interest so appreciate yours and others reports and findings.
Yepers. Hat is off to u scouts who risk their own $ to see what is going on.
We certainly are grateful for it.
Thanks SE, do u know what % SIOR owns? ORRI, WI and any CWI. ie: how does a dollar break down and translate to SIOR's gross income ?
Check w Geo - he is dumping his shares, per his post. He has LOTS of shares so those fish should feed everyone;)
JRT, I'm not sure on what u invested in but your excitement is fun.
I'm assuming its a typical direct participation program in which u place $ into an Llc as an LP or GP to obtain a WI (working interest). Question is: have you made these type of investments before (direct participation oil well or oil field programs)?
well said!
Wonder why the free fall? Something is up (and causing this to go down).
How optimistic. Is there a way to ask for the name of the accountant /CPA and confirm with them (3rd party, independent opinion) as to the auditing status? This would be excellent due diligence and worst case is no 3rd party accounting confirmation which is where we have been for the last year plus anyways
Glad u made the trip indeed.
Do u know who is auditing their past 2 years and the status? A phone call to this accounting (auditing) company would be fruitful. Providing they have their paperwork in order, an audit doesn't take that long for a company this size.
No link but I'm in the biz and been in this play/region for some time. Any social and regional MISS operator knows this. At first, lots of hoopla, excitement and potential (to be expected in a new resource play). Now that time had passed, many operators, such as Devon and all
Others , have, unfortunately, realized the MISS play results are not as optimistic as we all hoped for. High IP followed by typical Steep declines. Some wells are gr8 and some don't even cover the cost of drilling. This is NOT like the Bakken North Dakota resource play. Besides this regional fact, I hope SIOR negotiated a fair deal for its shareholders...TBD
There has been lots of hoopla being promoted by the Mississipi horizontal play in Oklahoma. To keep things more grounded and real - please realize has been many failures and success with these plays.
Things that will effect SIOR value is 1) Net, not gross production revenue (which will be the deal they signed w Devon as to what % SIOR, not other entities, net). Procrastinating getting re-listed does not help as leery investors need time to restore confidence over many broken promises...
Well said and with integrity .
Gravity always flows things top down. Unless the top is changed, the flow down repeats... So far its been a consistent lack of authenticity .
Wish someone else was steering that loose and questionable ship.
Great time to load up. Pipeline being down appears as a temporary set back but in reality , the oil has already been discovered and isn't running away. 2+2 usually equals 4.
New HIGH again. Keep the climb
Still so undervalued.
Nice and conservative highs for now.
Some day soon it will run up majorly as Investors become aware of Mart resources.
Great management
Great dividend
Great balance sheet
Still undervalued
Great investment
.... Vrrm vrrm
Wow! U got in that low! What a ride!
U have 10x Ur money on a financially secure stock. Great insight , due diligence or luck! Go MART
New HIGH again Woo hooo
Nice and conservative highs for now.
Some day it will run as Investors become aware of Mart resources.
Great management
Great dividend
Great balance sheet
Still undervalued
Great investment
.... Vrrm vrrm
Noticed SIOR makes no mention of the valuable rumored Kansas leases on their website?
Anybody? Did they "sell" them to a new entity for $1 and clear these assets from the SIOR books?
Conspiracy theory ? ;)
New HIGH again Woo hooo
Nice and conservative highs for now.
Can't wait till it explodes as Investors become aware of Mart resources.
great management
Great dividend
Great balance sheet
Still undervalued
Great investment
.... Vrrm vrrm
Yes sir... Come on SIOR... We took risk , put pennies behind ya' and yet 8-k promises were broken and the website hasn't been updated since the Internet was invented. U gonna desert us or dessert us? Either way we keep a marching forward with or without ya'
SIOR or boat gas . Lol. With humor this penny land is worth somethin'
LMAO
That's the spirit . SIOR...$ for everyone or $ for them. Tic toc goes the clock
Lol! Good one .. Be prepared to use 'em or store 'em
Hello? anybody there? SIOR has become Silent Internal Operating Recluse... Where are the lovers and haters? Don't abandon ship people ! When it gets tough , the tough get going ... Lets march to riches or poverty but Lets march. whatever happens happens , it's just money peeps.
New HIGH.... Woo hooo
Mart resources.
great management
Great dividend
Great balance sheet
Still undervalued
Great investment
.... Vrrm vrrm
New HiGH....
Go InMart the next wallmart in terms of successful .... Vrrm vrrm
As soon as the public becomes aware of the generous dividend and the stability of this company ... Brave yourself ... Vrrum vrrum
Lol! Good point :)