Upon discovery, any entities in a corporation that breaks the corporate Vail, works out side of the corporate guidelines, criminal acts, etc., is subject and has subjected their personal holdings to claim. However, this has to be proved and to get there will have to be court action. I know that for a fact since I border those lines in my business daily.......now I need laz to write me a disclaimer...LOL!
There are a few things starting to add up here; If ACLY is wanting Matt (PGPM) to do investigation work..they have to pay him/PGPM. What would be the product of doing investigation if not wanting to start producing???? Maybe this be more of the same...boasting the ability of the leases on paper like Gustavson report??? If they start producing will they pay???
Why would we want to settle for a renogiate? PGPM has as of last financial report 40 million on the books...and that is because it is owed 40 million from the lease sale.......what does 10 million got to do with anything??? Unless we still don't know the full story.......seems like we don't.
I don't buy the fact that just because the leases were left unattended that they are of lesser value even though the cost of renovation requires more capital. The value in the ground is the same if not more now do to the market price of oil....which will continue to uptrend!
I don't see any panic to settle anything.... except the right thing!
I do agree with bytby2 in a way........
"Take the cash and walk away. And I have confidence that you can do a lot with a little + cash flow. Money will make opportunities, and opportunities will make money. Time means nothing to me I can wait and hold for you to build a successful Pilgrim Petroleum with a Nice PPS"
Take the cash but don't take it short of the full boat!!!
We know that any one of the leases are capable of producing oil, if the leases are worked. What was the reason this ACLY thing came about anyway?? PGPM has progressed nicely and income to boot...before this transaction!
RP and others need to be concerned and pay attention to this whole thing instead of putting this on their back burners of the many companies they are involved with! It is beyond me that they could leave perfectly capable wells go to waste! It's like having a gold mine and watching to see if the gold will rust.....???
ncpti
Information above may be speculative, based on mis-information, contain inaccurate data, be entirely tongue-in-cheek, depending on how much liquor I consume, how litigious and degree of stupidity / gullibility exhibited by the poster/reader I respond to.
