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Re: signjack post# 9495

Thursday, 06/23/2016 1:56:24 PM

Thursday, June 23, 2016 1:56:24 PM

Post# of 25816
I am convinced after 10 years that Holloman Energy is a low priority for Holloman. If they/we can find someone to take all the risk and fund most of the production we are interested (which usually leads us to land in bed with less than desirable partners), but if we have to do anything ourselves we table it. That is a fine strategy if you have unlimited time but these assets are leased. Management needs to either find the right partner and give them the proper incentive or take on the project and funding themselves. The only reason to have any faith, which the open market has none,is that the insiders continue to hold hoping to recoup their current investment to date. You would think they would be motivated to confirm reserves even if they do not extract any oil due to current pricing. At least then you have something of value to sell or attract investors. Thoughts