Oh, this is interesting. If you know the reserve in question, then I am sure, you can forward to me, the last 2 reservoir reports: 2008 and 2010. But one statement is of interest: if money was there EXXON would be doing it not AOGN. That is for sure the best one: Exxon goes for 8 Mio reserves! About the funding; why you just don,t wait. As I said before, you cannot be objective because you have a personal problem with the CEO. Frictions on a personal level, are never good advisers, being this in business or in marriage.
Finally: As you said: You have been many times up there and you know the reserve in question, then you may be aware of the fact what is on the lease: All paid for in 2008.
Lease Equipment Tangible and Intangible Estimated replacement Cost.
Storage Tanks $186,000
Treatment Tanks $84,000
Pumps $63,750
Pump Jacks $202,500
Pulling Unit $25,000
Vacuum Truck $65,000
Misc Pumps $15,000
Misc Supplies $25,000
Trucks $23,000
Wells $2,600,000
Buildings $50,000
Nice infrastructure AOGN gets with this lease indeed. But best is, let,s look at the whole thing again in 2 years. As you may know: There are 2 kinds of an approach: The short term one and the longterm one. The latter will add value to the company
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