Manti - you are dead on correct, this never was a viable company, way too much overhead to take the company to profitability on these types of leases. The economics were not there from the o/g side, but they were from the investment side for the officers and employees of Hemi. It was good while it lasted, for them ....
As someone who worked in the oil patch for 10 years and actually owned and operated my own stripper lease, it didn't take me long to realize KAA was a master PR man, not a master oilman.
The meager assets are gone, the leases have been sold or expired, what's left here is just a shell company, a pipe dream for those still holding HMGP shares, no pun intended.
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