Let me again thank you for your work and effort during your recent trip. Your strait forward comments this morning, shows your pure honesty and integrity.
It is about time CB step up to the plate and give back a little to those that have given back so much to him, such as you. Most of the longs on this board are good honest people that need to be treated with a little respect by CB.
I am tied of hearing about the BDC. He has been hiding behind that excuse long enough. We have drilling/formation announcements, as far back as September of 2006, with no closure. What about Padgett's #11 and #12 H, June 11th, 2007 announcement, MN #1 etc....?
What about all this pre-RS stuff of conference calls, which he miss the 1st one, and raising funds immediately for operation? Seems he has been operating nicely since September 2007. Will he have a conference call with the Feb 15th numbers? He needs to start PR's to get the price moving north so that he can raise funds at a decent price. String some PR's together to show a plan, execution and results. He needs to establish a track record of honesty, professionalism and communications to attract big, stable money.
He has been manipulating this thing long enough, hiding behind the one big excuse of, we don't want the competition to know the value of our property/resources, just yet.
This guy is a classic entrepreneur who thinks he has all the answers. He is no Barney of Mayberry, at least as far as I am concerned, because that RS was set up and excused like a PRO. His honesty has been suspect, at best, these past few years, so it is time he come clean.
I have some of that $.10 stuff. I have lost a lot to date, but I have a lot remaining. IMO, I truly believe, in spite of what I said, that this guy has the goods and we will see this shortly. As someone said earlier, he is not rolling in all that equipment and tanks for dry holes.
Here are a few key questions. Can we show decent production and can we deliver, on the exiting wells, we just recently drilled or reworked? What are the reserve estimate on the Barnett Shale properties and can we recover the PRI reserves, with estimates of 68 million barrels, with current technology that we are testing?
Oil and Gas is the place to be moving forward, along with gold, commodities and raw materials. The current valutaion of around $7 million is highway robbery and it is time CB start acting like a responsible CEO, start communicating and showing results.
