Tuesday, October 09, 2007 4:30:14 PM
Jerry Griggs, CEO
dear sir,
i completely understand the company's need to keep certain things close to the chest. however, i fail to understand my company's need to keep from shareholders the bare minimum asset valuation of our company, based on the value of our lease holdings. "x" amount of estimated oil/gas on our leases times the x/price of oil/gas would give us a net asset valuation to our share price, thus supporting our share price at a minimum. you and i both know there are oil industry standards for this type of valuation. this would not reveal any secrets/i.e. flow rates for oil and or gas/which could increase the value of leases we may want to purchase. Mr. Griggs,my gut tells me my company is worth more than 2 cents just on value of leases alone. why is our company not supporting even the 2 cents a share the market is placing on our company? it has been said that engineers/geologist/3rd and fourth party reports are all done before the company purchases a lease. here is just a guess on my part/anyone in the oil industry in oklahoma and texas already knows thru the grapevine what/where/how much oil and gas/price/etc etc etc. regions has aquired any leases for!!!
yet, here the shareholders sit waiting/wondering what the bare bone minimum value of their company is worth/1 cent/2 cent/10 cent ???? Jerry, i can't think of any reason why our company hasn't supported the share price with net valuation while we continue to aquire assets.
thank you
the greyghost
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