I see your point, and its valid, but it depends on Forward having had control of these wells for 20 years? What if they have had less time? When did they register the wells. They were only formed in late 2004. I don't think anyone is disputing the fact that they need money, but its been my experience that often times, very experienced people overlook the true value of what lies right in front of them because of preconceived notions. Maybe the Beeman boys have discovered something that other people just passed by, maybe they are local and know the history of what should and should not be abandoned. Maybe they are liars and maybe they are dreamers or maybe they will strike it rich? I think its way too early to tell on this one.
If the wells were abandoned by the prior operator in 89 and 90 are they the prior operator? Its entirely possible that wells that were uneconomical in 1989 and 1990 are economical now, especially if they really did spend money to recondition the wells. All the information I've seen posted here leaves these questions unanswered
Your questions and opinions are prescient and they deserve answers and Ari should address them, if he can, and if he can't he should get out of the deal. I think it might behoove a careful investor to submit that question to Ari and let him get the answer and respond accordingly.
IMHO
With respect.
Name: FORWARD ENERGY LLC
ID #: C137118
Type: LLC MANAGED BY MANAGERS
Jurisdiction State: MT
Status: ACTIVE
Status Reason: GOOD STANDING
Status Dates
Expiration Date:
Date of Organization: 10/08/2004
Last AR Filed: 04/14/2010
Inactive Date:
Involuntary Intent:
Diss/Widthdr/Revoke:
Principal Office Address
Street: 449 BUFFALO HWY
City: LAVINA
State: MT
Zip: 59046-0000
Additional Info
Term: PERP
Purpose Code: NONE STATED
Agent
Registered Agent: TRACY BEEMAN
Address 1: 449 BUFFALO HWY
City: LAVINA
State: MT
Zip: 59046-0000
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