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Re: ListenToMe post# 1054

Wednesday, 11/05/2008 8:13:18 PM

Wednesday, November 05, 2008 8:13:18 PM

Post# of 1494
Can anyone tell me what it possibly is that Sheridan does all day????

He does not have a business. What the company has is no different than what any investor could buy from an O&G deal, he has 20% of the Working Interest...that means he has NO SAY in anything the operator does or wants to do, he just has the first right of refusal to participate in additional drilling on the property at the 20% level per well. (Provided that is part of the Operating Agreement) And he has to pay his prorata share of the expenses, 20%.

Other than walking to the mailbox once a month to pick up the WI check, there is nothing else to do as a Working Interest Owner.....

Issuing tens of millions of shares of stock is not called running a business.

What happened to that monthly Newsletter updating us on all the goings on of the company??? I guess NOTHING has happened in the last 4 months.....

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