InvestorsHub Logo
Followers 0
Posts 12848
Boards Moderated 0
Alias Born 08/03/2006

Re: None

Friday, 05/21/2010 9:03:48 AM

Friday, May 21, 2010 9:03:48 AM

Post# of 42999
The $50 million question is not the question to ask and that's unfortunate because it opens up a hornets nest of nasty things that have occurred and I have been doing my best to avoid addressing. The reason I have not talked about things that occurred in the past is because there are on going legal ramification involved so I can't go into detail on this board but old timers that have been following the companies history will know what I am talking about.

Malcolm Bendall is the CEO of EEGC but that has not always been the case. A person by the name of Michael Roberts was running the show prior to Malcolm taking back control.
Yes we should have drilled prior to this time and we had the equipment to do it. A brand new rig purchased from the same manufacturer as the new one we ordered. Without me going into detail of why Roberts sold our new rig that would have already drilled many wells and why he was fired for his illegal transaction and why we are getting the rig returned is not up to me to divulge. In time if the company deems it in their best interest they will address the matter.
Most of you posting about why we didn't drill after spending so much money just don't have a clue so I suggest you move forward and see what the future brings.
Malcolm has returned us to an operating company from near disaster and in the process and great personal cost to both Malcolm and his family is moving ahead in an attempt to bring an oil strike.
I suggest you do some research before you post on such matters because with out such research you do everybody an injustice including yourself.
You do not have to be heard if you don't know what the hell you are talking about.
Now lets get this show on the road.

This is only my opinion!

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.