Chancellor Group Inc (CHAG)

[mmayr]

"Big Bertha", the A-12 well, came on stream again on Friday night, and is pumping an approximate average ratio of 90% crude oil and 10% salt water. We will endeavour to establish flow rates for this and the other wells as soon as possible, and we hope to have the first crude shipment leaving the field on Monday or Tuesday. Chancellor regrets that flow rates have not been where we expected due to ongoing equipment and well repairs and limited available free capital. The company is making real and continuing progress at the property, however, and is confident that the rate of this progress will gather speed. We also regret that whilst 99% of our stockholders have been patient and supportive, there is that small element of people who have nothing better to do than criticise a management team that is working its socks off to make this company a success for everyone. It is hard enough doing what we are doing and need to do without putting up with this sort of errant nonsense from people who have no understanding as to what goes into building and maintaining a successful business in a difficult economic and financing environment. Chancellor management is appalled at the attacks levelled at it by some of these people. You can be sure of one thing : put in our position they would turn to jelly. We have no compunction in deleting those people from this site. Constructive criticism we can take,but we refuse to tolerate some of the recent nonsense we have witnessed here. There is a place for that sort of stuff : its called "Raging Bull".

Previous quotation was taken from the CHAG Club's Yahoo! site ~~

Peace,

M&M Man