Replies to post #7138 on High Plains Gas, Inc.(fka HPGS)

[ancalagon]

Exactly my point...you're just so darn analytical. Always fair and out to politely educate. The world needs more peace so I'll take the high road. I actually hope you make tons of cash...maybe it will improve your attitude. Maybe 20 years of "professional investing" has taken its troll...I mean toll.

[mommykat]

What on earth?? LOL! I see I missed some craziness while I was (still am) attempting home renovations. Anyway... came across this, it explains WHY the hearing was postponed til July.
Link to the article is on the bottom. Please forward / post any and all info you come across as well, just as you've always done :) I for one appreciate your posts!


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Future of Luca

Commissioners on Tuesday postponed until summer a hearing on whether to pull the bonds held by Luca Technologies Inc., a Colorado gas company in the midst of bankruptcy proceedings. Concerns have swirled around the Colorado firm and whether the 900 wells owned by its subsidiary Patriot Energy Resources will be abandoned.

A Luca representative previously told the commission Luca did not have the $1.9 million in bonds owed to the state. Companies put bonds on their wells to cover the cost of reclaiming the land in the event they run into financial trouble.

Commission officials said Tuesday Luca sold Patriot Energy to a Sheridan company, High Plains Gas. The state still needs to hold a hearing on whether or not to pull the bonds already paid by Patriot Energy, but commission attorney Eric Easton said the hearing needed to be postponed because much of the information relating to the wells in the sale had been lost.

Mead called the Patriot wells a “concern,” but expressed confidence in the state’s ability to plug abandoned fields large and small.

“Luca Patriot is big, there is a number of wells,” the governor said. “The fact is depending if it’s on your ranchland or your backyard, even if it’s just one well, you may have a concern about it. We’re going to tackle them all.”



Read more: http://billingsgazette.com/news/state-and-regional/wyoming/gov-matt-mead-state-needs-to-step-up-effort-on/article_3aa5b645-9a92-5554-bb14-06638c4f13db.html#ixzz2ziKmoxkH

[ancalagon]

Hmmm...speaking of class. Yeah, that sounds classy. So are you responsible for all the volume in HPGS today? Maybe the new symbol after the R/S will be PIGS.