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golfndude

02/26/08 4:45 PM

#1475 RE: I Don't Sell Homes #1474

Read post #1465
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RickInv

02/26/08 6:17 PM

#1480 RE: I Don't Sell Homes #1474

I have no problem with the address of the company being the CEO's home. Understand the stage this company is in - researching and acquiring properties with known oil reserves. We know of one property so far, with 15 million barrels in the ground. From the last PR, it sounds like other properties are being evaluated and acquired.

From the PR:


Mr. Bob Genesi, Frontier Energy CEO, comments, “In the coming weeks, we are excited to announce the implementation of our business plan to make Frontier Energy Corp. a very successful venture for the company and its shareholders. We will be providing new information to shareholders and announcing the exciting new developments of what we have been working on. We will also be looking to add individuals to our team with the expertise to ensure the long-term growth of Frontier Energy. In addition, we are looking to have a new website constructed to better inform our shareholders of all company activities. As we grow, we aim to maintain as much transparency as possible to ensure our shareholders are informed properly of all the new events going on surrounding the growth of the company.”


Even as they add staff, the expense of an office proper may not be justified, as I would imagine these people would be working out in the field, evaluating prospective acquisitions and negotiating leases or purchases.