that they are finally drilling the P-8 replacement well. I have been worried about this for years. Surely this is the well we have all been waiting for. This has got to be the one that will cause the "tipping point" to happen. For sure this one damn well for the whole damn year will be the highlight for 2014. Maybe this well will be so great that FEEC will produce 10 MM cubic feet per day.
But I'm not worried... FEEC management are "mindful" of us shareholders. That probably means they know we "exist" and that's about as much as they give a damn.
That the bank is rolling its loan forward - is what they have to do
Feec can't pay and the bank hopes we are taken over
They got 45 days
That alone is more encouraging - albeit maybe they lied to the bank
That is the real question..... My brother-in-law has been dealing with stocks for 30 yrs plus years and told me to stay away from this, but I said no they are sitting on a gold mine... Thankfully I took some of his advice and put 90% of my money in BRKS.... I will hold till she folds or is sold..... GLTA
Ditto, been in this for 7 years myself. I just hope for the best. I remember back in 07, the ownership was 50 million shares, I thought at that time we could see a $20 dollar stock, now it's close to 400 million and I'm hoping for .20
You know- I've been around with this idea for over a decade now.... And I gotta be honest, at this point I don't even know what to say- I was hoping that this was gonna be one of my best picks of my trading career- And based on the asset itself, I guess I still believe that. But it just baffles the mind to sit here and watch this thing, year after year, month after month, day after day, hour by hour..... do pretty much absolutley nothing but disappoint.... Quite frankly, right up next to unbelieveable......
While we are starving over here... I have never seen so much smoke and mirrors in one place.. it is the same old song and dance everytime....I need to vomit... It's always hurry up and wait...
Final regulatory approval is expected during 2015. Receipt of the "Road Pass" will allow the Company to proceed with the development of Area A while awaiting final regulatory approvals; however, continuing further development and exploration activities does require conclusion of the strategic process currently underway, and on which management is diligently working, in order to provide funding for those activities.
Management never feels pain,they just find other opportunity's elsewhere, and rinse and repeat.........................Good luck
My feeling is that shareholders are "screwed"... Seems like management has looked out for themselves in the event of any outcome. The frustration sentiment has left many with the thought that selling for 20 cent would be an acceptable outcome. Do people really feel that selling a 2 billion dollar asset for less than 100 million could be a good thing? I'd rather they go bankrupt and I'll take my losses. At least then maybe management could feel some of our "pain".
Oh, but wait... I forgot that management is "mindful of its shareholders and the investments they have made in the Company". Just what the hell does that mean???
I can understand test wells in block A and B, but 29 wells in A ,and 12 in B, knowing full well that bringing production from those wells to the pipeline was a long way off,if ever. A flanker well or two, would have been ok, but if you are looking to grow your production levels[and earned capitol], you develop the proven[producing] areas that are going to pipeline first. The only other reason could be the loss of those blocks due to inactivity over a specified contractual time frame......................Capitol raises to [grow] a co should reflect just that.