I put an email in to the CEO to ask some questions. I'll post what I find out when I hear back from him.
Has anyone spoken to the CEO and if so what was your impression of him?
So far what I can find is that he took over the company early last year and the former CEO and other members of the board resigned.
The following from the Oct 20th 2011 Disclosure Letter:
"In February 2010 Glen Kennedy became the CEO and Chairman and
Paul Norat resigned as CEO and Chairman. Jeff Barger and Paul Norat resigned from the Board of Directors in July and August 2010
respectively."
Then I found this when running a search on the CEO.
Mr. Kennedy, a Texas native, has a diversified background in the oil and gas industry that encompasses many aspects of the modern upstream markets. Mr. Kennedy began his career as a derrick hand and relief driller for a drilling contractor while attending Texas A&M University. It was this experience that led him to start his own private company that focused on the operational aspect within the upstream market. Within this entity, Mr. Kennedy was responsible for all project field operations, administration and compliance within the State of Texas. It was his success at this organization that led to a monetization event thereby allowing Mr. Kennedy to focus on other areas within the upstream markets. Mr. Kennedy was a licensed and bonded operator within the State of Texas.