InvestorsHub Logo

geoscience2

02/19/09 11:05 AM

#4738 RE: jonesieatl #4737

Pretty amazing that Pleasant Valley, TIV's "primary focus" property (as per Lynn), where many millions have been spent spent by OPUS over the last few years on new wells/production "capacity"/steamers/etc and then repeatedly touted in PR's to be producing 1,000's of barrels per DAY, is REALLY (as per reliable, third party regulatory agency publications) only doing about 200 barrels/DAY. And no explanation or apology whatsoever from CEO as to why there is such a huge discrepancy, like only a 1/10 of PR'd numbers, as shareholder Howard asked the CEO to do a few months(?) ago. Crazy!

I wonder if anyone really believes TIV will show the 3,000 BOED's for December as they indicated last year in PR's they would have by "year end"? Actually, the big question is...will the DOGGR actually publish the 3,000 BOED's, not TIV saying they have it? Based on the lackluster interest (< ~50K volume/day) and the "steady and continuous" ~$1 share price, I would venture to say the "market" (and some of the BOD's too as Gamble sure isn't buying any stock and averaging down), is/are fed up with these shenanigans. Just my opinion though....

Geo

jonesieatl

03/08/09 8:39 PM

#4758 RE: jonesieatl #4737

DOGGR FTP SITE ...

The last production shown there is for November 2008.

December numbers were officially due at the end of February.

10-K due when?

Anybody have the energy to go through that looking for the facts now that TIV is a one buck stock?

Looks like all TIV employees' options are underwater except for Lynn's (and one other person's?) 50 cent cheapie options. Gamble's warrants/options are certainly underwater. Man he is down some BIG bucks at this point in time. He should have waited to buy his , oh , how did Lynn put it , 'controlling' interest in TIV? I guess TIV would have run out of money if he had waited though.

jonesie