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Re: jonesieatl post# 5155

Thursday, 03/18/2010 7:13:44 PM

Thursday, March 18, 2010 7:13:44 PM

Post# of 7284
You mean like looking at THIS language...

"Currently pending lawsuits threaten to limit potential development of a significant heavy oil project.

There are currently two legal actions pending against us to terminate leases to properties in our Pleasant Valley Project. Drilling and production operations have not yet commenced on one of these leases, and operations on the other leases are currently halted..."

Those lawsuits of course pertain to the infamous PV property (didn't Lynn say in a PR or newsletter that all eggs were in that PV basket since it was their "primary" asset? And of course Lynn said it was "flowing" 1,000's of barrels per day..).

I wonder how long it will take the new CEO and Gamble to right the ship, if they even can. Might have been too many years of bad decisions, bad management and a lot of wasted money? We used to say, "time will tell", but its more like "time told the story".

Geo

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