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Thursday, August 24, 2006 9:15:58 AM
" XYZ property generated $$$$$ for the first 3 months of 2006, of which BIGN's portion is $$$$ after expenses, based on their working interest participation of XX.XX% WI (or RI or ORI or PP or whatever the interest type)". I know they aren't going to show the public their division orders, but there is a way of better informing folks of the impact of a press release.
My point is that we don't REALLY know what the interest type or the interest itself is on the properties that are producing or on the properties that are the subject of the press releases. Just for comparison purposes to see something like what I'm talking about in terms of clarity of news relases, check out this bit of news on an entirely different stock:
http://biz.yahoo.com/bw/060811/20060811005249.html?.v=1
They (in this company's news release) take the time & make the effort to be clear about what portion is allacable to them. I know its an imperfect example, folks, but I was screening stocks for today and read this company's press release and had this thought of how much more informative the releases from this company were than thos we get from BIGN.
What I'm getting at is that the press releases need to be more specific. And my real point is that, if BIGN is monitoring this board, they should take notes on how to improve investor relations by letting other companies who seem to be more open serve as a template on how to do press releases better.
Obviously, press releases of some significance are shortly forthcoming from BIGN. Now would be the time for management to decide to implement a better plan than the muddy investor's relations management that has characterized their releases in the past.
Hey BIGN, listen up: if you covet becoming a favorably viewed small oil company, there is more to it than simply having cool technology and accumulating a substantial portfolio of delicious prospects. You need to be open. If you are open and forthcoming with your investors relations, you will see immediate results in that you will begin to be percieved as honest as opposed to the sense that is so obvious from the tone and tenor of this board that management is playing games and is untrustworthy.
ImperialWhazoo
"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."
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