Wichita, insults now? Who cares if it is Claus, Olav or the Queen of the Gypsies? The point is that Viking couldn't or wouldn't get $40mm. The stock is at an all time low and that's all the shareholders care about. Have you checked your blood pressure lately? Have a great evening.
Viking was/is a #$%$ company and this is not hard to know that, look at their website and see. It is not really a surprise at all that Viking couldn't even get $40MM, which should be chump change for that kind of project to any reputable company. The fact of the matter is that, after #$%$ debacle, it was evident that SOQ didn't have the "muscle" to be in NA and that WC was it. Now, few years later and with a stock price at an all time low and burning through over $220MM we do have the confirmation that that Business plan was the right one. The BOD hired an incapable CEO aka Schank who didn't bring what SOQ needed most...........CASH. Oil was what SOQ needed to find to get the cash and unfortunately, Schank failed at it spending a fortune in the same process. Now we are back to square one, with Toufic telling the shareholders that the company is excited about "The significant potential of the Zarat block". This would be great story, but unfortunately for the shareholders, SOQ doesn't have the money nor a partner to develop it . The confirmation of that, is the latest SOQ's PR.
One thing that we can point out is that whatever management announced the past three years never came to fruition. The latest example is this Viking deal. The fact of the matter is that when SNG came out of CCAA the stock price was at $3 and now it is at .14c pre RS.