Replies to post #28120 on Native American Energy Group Inc. (fka NAGP)

[plugger]

Let me see....they have to answer the phone for a person to ask a question, but then why would a person ask a liar a question....does one think that a liar will speak the truth, so I reckon we all are just up the creek without a paddle..lol

[onemaninnj]

I certainly agree with you there is no defending their past actions. It appears that its only defender is starting to loose a little interests here. I just got done reading some of my archived info on this play, and nothing that they said they would do to produce income ever happened. They even said they were successfull in refitting the cox7-1 and the tribal 7-a well, had a agreement with shell, but to date there has not been any oil pumped out of either one of those wells on record. And yes I just checked some GOv. reporting sites. I think it was in 89 when the last recorded info of actually producing was registered. Just one of their grand plans that never came to light. Seems like they do so much leg work, but never get the job done. I usually fire people in my company that have this happen to them. Just a big waste of time.

Such grand plans that never came to light. Even now it appears that what they are doing especially with the wind turbines deal is a no brainer that it should pay off . But we been there before with the illusion that they have their sh*t together but nothing IMO will ever really happen.

[sir90]

'rj2'- IT'S ALL IN THE FILINGS

They have to raise money so get used to it.


Item XVI – Management’s discussion and analysis or plan of
operation

B. The Company's operating plans require additional funds that may take the form of
debt or equity financings. There can be no assurance that any additional funds will be
available. The Company's ability to continue as a going concern is in substantial doubt
and is dependent upon obtaining additional financing and achieving a profitable level of
operations.

We have undertaken steps as part of a plan to improve operations with the goal of
sustaining our operations for the next twelve months and beyond. These steps include
(a) raising additional capital and / or obtaining financing, if available, (b) increasing our
current production (c) continuing development drilling on our proved, undeveloped
properties and (d) controlling overhead and expenses.

There can be no assurance that we will successfully accomplish these steps and it is
uncertain we will achieve a profitable level of operations and / or obtain additional
financing. There can be no assurance that any additional financings will be available to
us on satisfactory terms and conditions, if at all. In the event we are unable to continue
as a going concern, we may elect or be required to seek protection from our creditors by
filing a voluntary petition in bankruptcy or may be subject to an involuntary petition in
bankruptcy. To date, management has not considered this alternative, nor does
management view it as a likely occurrence.