Worthington Energy, Inc. (fka WGASQ)

[xZx]

volk did well by dumping former CEO mason imo!

news flash -- here's mason's shady scheme:

http://www.stockmarketwire.com/article/4531883/Silvermere-Energy-says-I-1-well-initial-flow-rates-in-line.html

total production in the 27 days from jan 7th to feb 4th was 1,780 bopd.

this is far lower than the 155 bopd we had in earlier tests.

production from the I-1 well is worse than i ever imagined. 66 bopd if you round up.

we were to get 8.35% of that crappy production. that's 5.5 bopd. gross figures, which don't take into account paying back the costs of drilling the well, we would have a whopping $186K per year in oil production.

in other words, after paying mason his salary, $250K a year, we were going to be $63K in the HOLE.

but wait -- mason didn't just want a fat salary, he wanted to be paid for his well, too.

this is just beyond belief. shareholder value? "rewarded handsomely"? you think volk should sit idly by while shareholders subsidize mason? seriously?? LOL!!

what a great deal for shareholders.... ROTFLMAO......!!!!!!!

hey, if my numbers are incorrect, please show me your calcs.

Silvermere Energy says I-1 well initial flow rates in line
4 February 2013 | 08:54am
StockMarketWire.com - Silvermere Energy said flow rates from its I-1 well on the Mustang Island 818-L Field were in line with expectations.

"Following the clean-up phase we expect to establish continuous commercial production and to optimise flow rates," the company said.

Since Jan. 7, 2013, total production and sales of gas recorded during the month were 8,680,000 standard cubic feet.

Total production of oil was 1,780 barrels.