Hero Technologies Inc (HENC)

[tchauncy]

I always thought these guys were Gypsy's, confirmed now that they are going back home

I have said several times that Don Cevilli would would figure out some stock pump to run so he could start dumping his 20+ million shares of TGC. Looks like he starting.

This will have zero effect on HENC unless we are lucky enough that they run out of cash and sell their Cooper interest back to HENC. Little Don has been telling his shareholders since late last year that they would be "expanding" into other fields.

This is an old Gas field that was acquired by ZETA in 2007 and dormant since. Don't know where TGC is going to get the money to pay both for the license and to drill the wells (10,000 ft wells are not cheap). I am sure Zeta likes this deal since they have some serious debt coming due over the next year or so and have a weaker balance sheet than TGC.

http://www.zetapetroleum.com/files/files/264_Zeta_2015_Interim_Report.pdf

Anyway, as I posted earlier in the year, the last conversation I had with HENC management was they were in no hurry to drill another well unless the price of oil stabilizes above $65 bbl. At least not until after the new year. But they also have zero interest in selling out unless the price is many times the current. As I was reminded by Jim Eberling, CFO of Holloman Corp at the time, Holloman Corp has a cost basis north of $.20 a share. "While it would have been great to hit one of the last two wells, the info we got from those two wells gave us no reason to think any less of the fields then before the no-productive wells were drilled."