Who are the 'we' and the 'us' that talk of so fondly in your post? You talk as if you are somehow inside this inner circle of this band of liars, cheats, theives and prentenders. See you on the beach??? C U Next Thursday, more like!!!! This is a fraud of huge proportions.
I imagine there will be a law suit if FCX pick this up again. There is ZERO chance of MMR spending that money and just giving it away. No, this was designed to zero out TISDZ holders. IJBIT...LOL...trust him to steal!!! The man has no morality whatsoever. PURE FILTH.
The dropping of the Lafitte lease beggars belief, given what had been said abut it, especially the Chris R sands. Reading between the lines, I smell a rat here:
(a) In June 2013 MMR requested from the Bureau of Safety and Environmental Enforcement of the United States Department of the Interior (BSEE) that its pending request for the issuance of a Suspension of Production (SOP) lease extension for the Lafitte unit properties be returned without action, which effectively relinquished MMR's lease rights to the Lafitte unit. In the event on or before December 5, 2017, MMR acquires one or more leasehold interests covering the same area and blocks covered by the terminated leases, such newly acquired leasehold interests shall become subject interests.
I guess htis is just another case of the insider trading that is destroying the crediblity of the USA . It impossible to believe that the price of TISDZ went from $1.50 to $.50 without the big boys knowing exactly what was happening. TSIDZ seems cheap here even given the this scandalous and fraudulant news.
On the plus side, from the same report
The Blackbeard West No. 1 well was drilled to a total depth of 32,997 feet in October 2008 and logs below 30,067 feet indicated potential hydrocarbon bearing zones measuring 220 net feet requiring further evaluation. The well has been temporarily abandoned while MMR evaluates whether to drill deeper or complete the well to test the existing zones. MMR's lease rights to the Blackbeard West Unit (including Blackbeard West No. 1) are currently held by activities associated with Blackbeard West No. 2 (discussed below) while its evaluation of Blackbeard West No. 1 continues.
"The Blackbeard West No. 2 ultra-deep exploration well on Ship Shoal Block 188 was drilled to a total depth of 25,584 feet in January 2013. Through logs and core data, MMR has identified three potential hydrocarbon-bearing Miocene sand sections between approximately 20,800 and 24,000 feet. Initial completion efforts are expected to focus on the development of approximately 50 net feet of laminated sands in the Middle Miocene located at approximately 24,000 feet. Additional development opportunities in the well bore include approximately 80 net feet of potential low-resistivity pay at approximately 22,400 feet and an approximate 75 foot gross section at approximately 20,900 feet. Pressure and temperature data indicate that a completion at these depths could utilize conventional equipment and technology."
"The Blackbeard East ultra-deep exploration by-pass well, which is located on South Timbalier Block 144 in 80 feet of water, was drilled to a total depth of 33,318 feet in January 2012. Exploration results from the well indicate the presence of hydrocarbons below the salt weld in geologic formations including Upper/Middle Miocene, Frio, Vicksburg, and Sparta carbonate. MMR's lease rights to South Timbalier Block 144 were scheduled to expire on August 17, 2012. Prior to the expiration, MMR submitted an application for Suspension of Production (SOP) to the
It seems very odd to me that FCX would have paid so much for MMR only to drop one of its biggest propscts that costs hundreds of millions to drill. Something is wrong here.
LOL.... This guy you were speaking to, was he a taxi driver?
Please stop posting rubbish on this board.
I thank you in advance for your cooperation in this matter.
I agree with you. I had sold my entire position in the low 30s only to buy it back in the high 20s. I am extremely annoyed with management and its continual inability to state the facts as they are. JS is far too ready to shoot from the hip when interacting with shareholders. I hope he has learned his lesson because right now he has a lot of egg on his face.
The way this board is set up makes it impossible to know who is replying to whom...Who do you think is shorting the stock?