Hero Technologies Inc (HENC)

[Gumpstein]

I received this in Jan of this year which basically confirms your thoughts.

Since the delisting of HENC to OTC Pink in order to reduce overhead costs, there hasn’t been any news. PEL 112 has a license drill obligation in 2018 and PEL 444 doesn’t have a well obligation until 2020. With the continued low oil prices, the Board and management do not feel that any exploration at this time is economically feasible. They are continuing to monitor and will plan accordingly. I believe the board intends to meet again in spring, although if anything significant should change before then they will meet sooner. I wish I had more I could tell you at this time but it is more of a wait and see energy industry atmosphere.

Kind regards
Gina

They are not concerned with progress or shareholders, just trying to hang on by their fingernails. Hope and pray situation. They don't seem confident enough to prove oil now but rather wait and try to time the market which is hard to do especially if you have no clue where the oil exist already. TC if you have any other thoughts or intel we would love to hear.