KAT Exploration Inc (KATX)

[creapingman]

I am finding this more and more suspicious. Looking at the website and reading thru it, the proclaim to have 9 producing wells at 245 bpd. Then the claim to have 87 existing wells which we don't know if they are shut in, offline for maint. or busted. Also claiming to be partnered with Haliburton and Schlumberger. This is dangerous ground they are treading on.

A rational person would ask why a company who claims to have all this would go on the stink pinks. And second, if any of it is untrue on their website, lets say the SEC takes a dim view of that. A small company during the gulf oil spill released a pr claiming to be involved with BP for clean up and within a week went to the greys. I call this a scam. A company wanting to go public would find a nice clean shell out there. Plenty to be had and not abused like KATX. No one would want to start with the history this shell has over it.