Julius
don't take this as offensive, but, the same thing happened with SNP in the JDZ....I think you went through that. We didn't hear anything from SNP or ERHC about the drilling results for quite a while , even after we heard crap from the oil Minister for Sao Tome as far as oil quantities that were expected from pre drilling studies. The results were non commercial and the wells were not for re entry. They haven't drilled again on those Blocks since then. We have similar quietness from ERHC and Cepsa with 3rd party reports of a dry hole and plug and abandonment from our drilling on Block 11A. I think the idea is to keep all info quiet so they can abuse their shareholders with convertible notes while not explaining anything to US. Now somehow you think this is positive.
I was a shareholder in Taipan and they released information on their semi-dry drill non commercial well and moved on, but at least they showed respect to their shareholders instead of using silence to gain time to dilute US into oblivion.
Dry holes happen,but, information should not be kept from shareholders over and over again, while convertible notes are paying Management's salaries while having no concern for shareholders. Mentally I have moved on to other investments,but I still hold my shares as they are not worth selling...as my huge tax write off will not make much difference if I sell now all for $800.00.
Good luck here....but I don't see what you do, with this investment anymore.
Manuel (Baz)
