Correct. That is one of the problems here. There is always an "out" to avoid explaining what is actually going on. O/S increases,but neither Hemi nor management is selling, and no MM selling for them. So who is??? I will only go by what is finalized and pr'ed as such,and so far that's been a lot to ask for. WY sale closes and NOI issued...period. No other b/s works IMO. Waiting...again.
If you take it literally, it in no way says that it (WY) could NOT cover the majority of the expenses.
And also remember Manti, Hemi has on the table those other leases Bakken, Barnett, Sabine that have been in discussion. How do you know that one of these lease may not be at a point of finalizing a deal?
When you only keep hammering away at the line "Part of the Hemi business model and strategy" well then IMO, by your own admission of your drops-ins to this Hemi board, you're telling me that you seem to support companys with no business strategy.
Just the fact of the current process of these non-SEK Hemi leases supports a core part of the Hemi business strategy as again indicated by Hemi from day 1. Hear let me again spell it out in Hemi own words, perhaps you need to read again:
So again, welcome back Manti, with your one way opinions and conclusions. At his point in time the only way this indication gets settled is the WY gets confirmed and KA follows up with a PR, as he has done before, what the Hemi share count as of the date of that PR. Otherwise your opinion in this matter is no better that others that seem to trip on this board from time to time to just throw into the wind an opinion.
If you really think that Hemi is going on the open market @.02 a share then let's assume, and I am only using this as an assumption, if shares are being sold to the open market that these shares along with any proceeds of the WY deal are only going to grow the Hemi assets.
I mean really Manti step back for a moment to identify with the following:
1. The Collins Hemi -1 findings, that happens to surround the Reno, Tebbins and Purnell leases areas. 2. The fact that the Collings was label "Tight Hole" status (hmmmmm; I wonder why at the time). 3. Hemi almost had a run away well "Blowout" when the Collins-Hemi 1 was completed and needed to use Texas style equipment on the well head to contain the pressure. 4. Hemi now confirms that Horizontal drilling will be done in and around the Collins 5. Hemi confirms that additional drills to be completed in and around the Collins. 6. Hemi confirms that not only does the Collins bring big gas reserves to the table to be tapped, but also oil to be produced at a greater rate feeding the immediate revenue side 7. Hemi creating the case and opportunity to bring this gas to market in SEK offering a pipeliner an opportunity as well based on indicated volumes and findings of Collins and the surrounding area.
So keep that friendly guessing Hemi game going, and whom ever the winner may be, I'll invite them to pick my next lotto numbers.
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