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Re: paid pumper post# 10828

Thursday, 02/22/2007 2:36:15 PM

Thursday, February 22, 2007 2:36:15 PM

Post# of 78704
I would suggest that anyone wanting to do any real DD on this company start with paid pumpers post and go from there. It is a perfect explanation of why anything Clayton puts in a PR - which is the only info we get about this company - can be looked at critically. Excellent post, pp.

Curious about your comment about "verifiable" reserves on the land, tho, pp. Why do you say they are verified? The only "verification" I have seen on this is from Clayton, regarding what someone hired by the company has reported, and then re-adjusted upwards at a later date, all of which evidently was not taken as verifiable by the BLM. I could be wrong, maybe you have more evidence?

Thanks again for a very perceptive post.