Hemi Energy Group Inc. (fka HMGP)

[bdahl385]

Don't try to confuse the optimists with cold hard economic facts and figures, it just doesn't resonate with them.

It's one thing to sell assets and redeploy them to get a better ROI using the proceeds to prove up reserves and or increase production. All I can see from the financial picture KA gave us is that the asset sale was needed to offset the $60k in fixed costs each month for salaries, rent, upkeep on the leases, etc.

I was hopeful that the Silvey horizontal might indeed be that type of "investment" and utilization of capital. Now it's on hold. FWIW, I believe CT had everything technical lined up and was chewing at the bit to get the well drilled. KA pulled in the reins as he is in charge of the company finances. Time will tell which one had the right plan.