Awesomebummer don't take this the wrong way, I mean no disrespect to you or any other poster here, I'm not an oil guy, but this is turning out to be a, well an awesomebummer. he,he, ok, not funny.
Matt: "I have been informed that ACLY must settle its obligation to PGPM in order to complete an ACLY audit and to secure an ACLY underwriter for the Kumskaya Neft acquisiton."
Yeah this aught to be real interesting here, time will certainly tell, but I'm not holding my breath here, not even for a minute.
Arcland Energy Corporation (ACLY.PK) notice the PK. pinkie,,, he,he, SEC requires no filings at all. only OTC Markets does to keep their status of (limited information) at present.
Don't get me wrong, I'm all for it, but being a pinkie with a CROOK like Rafael Pinedo, well that speaks for itself. LOL, pinkies don't usually have audited financials
the leases MUST be made whole by ACLY, before we can get them back,
So the leases were once valued at 40 mil$ and now around 2 mil$ +/- , LOL, So does anyone really know what needs to be done to bring them back up to acceptable levels for Pilgrim?
Do they have to redrill? do they have to resleeve the existing holes drilled,
I'm not an oil guy so I really don't know. IMO, I would think that the holes were drilled once, and when done using them by the previous owners they should have been capped, correct? so then why the drastic plummet in value, if capped then uncap perhaps redrill a little deeper to access more oil reserves and flow the oil again, rite?? is this possible?
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