Sunday, June 10, 2012 3:27:21 PM
I don't know if you know Screaming Eagle or WildCatDriller, I got the impression from an earlier post you might be close to the O&G stock area, from something some one said to you, and from you posted plan to dig into permits.....and might know them, at least casually...
SE did all the DD about 18 + months ago, and posted the results here in summaries. IIRC WDC has actually been on the property.
If you find anything new we would love to hear it, but I think this one has been DD'ed to death several times. Everything is in a holding pattern until the CEO agrees to a JV or outright sale, in such a way that he gives up control. And the only JV deals he has landed with out giving up control the last 6 years have turned into a bloody legal and financial mess, or just failed to materialize.
Add to this the fact that he is very old, has a loooong history of dilution, in many, many past public companies he controlled, and he is a control freak, and you have the entire historical picture.
SE did all the DD about 18 + months ago, and posted the results here in summaries. IIRC WDC has actually been on the property.
If you find anything new we would love to hear it, but I think this one has been DD'ed to death several times. Everything is in a holding pattern until the CEO agrees to a JV or outright sale, in such a way that he gives up control. And the only JV deals he has landed with out giving up control the last 6 years have turned into a bloody legal and financial mess, or just failed to materialize.
Add to this the fact that he is very old, has a loooong history of dilution, in many, many past public companies he controlled, and he is a control freak, and you have the entire historical picture.
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
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