Tuesday, March 06, 2007 10:10:08 AM
Subject: Concerned investor.
Greetings.
I have been a fairly large shareholder for quite some time now in Bedford Energy. I have become quite concerned with the lack of information pertaining to production, drilling practices, and the companies finances. Any meaningful news for that matter. The fourth quarter report is quite late.
Would it be possible to detail some of the results? Items indicated in the geological report are quite concerning.
On what basis do you guys think that the Grace wells can be dewatered? I have never heard of a gas zone that can be dewatered and improve in production with the only exception being CBM which improves with dewatering, and is a completely different mechanism altogether.
What are the plans for future drilling? Are you guys going to drill around the Grace wells even though the results appear quite marginal?
What about the up-hole zones that have been completed? Any news on these? And the equipment buy and sell venture??? Any success?
I was also searching for reasons as to why updates haven't been delivered as promised. Is there a strategic reason why we don't get any updates even though past PR's promise them?
I apologize in advance if I sound negative, but I am starting to lose faith in your company, and lack of professionalism and was looking for some explanations to ease my mind.
Thanks in advance.
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