Because there is very little oil on the leases CEGX has left. 10 barrels a month, if they even get that, does not pay expenses let alone leave any profit. And now EOI's P-5 will not be renewed by order of the commotion. So even if there were oil they could not sell it.
That commission order was also a material event for CEGX and should have been disclosed to investors and reported in an 8-K.
It of course wasn't, and the only source of that info is the TRRC and this board.
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Buyer Beware
TRRC plugging liabilities up the wazzooo !!
Obvious pump and dump scam
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I expose stock scams to gain knowledge about investigating the stock market players and for the entertainment it invariably generates. I've received NO compensation in any form for such, except for a few thank yous...
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