KAT Exploration Inc (KATX)

[hoopsville]

Drilling was delayed not because of anomalies, but because the drilling rig and crew hasn't shown up yet from their present job. These rigs and their crews are scheduled so they don't sit around idle waiting for someone to decide where to drill the holes. Chances are that the prior job has run into trouble or
the results are promising enough to drill more holes right away.
They don't want to move the rig off the property and have to bring it back later to finish. So we'll start drilling when the rig arrives. And we will keep the rig longer if there are good results thus delaying the next customer.

KATX Investor Relations should be ashamed of themselves for not giving us the facts. I just lost some confidence in them. There was no reason not to tell the truth. At best, they are not up to date with the current situation.