Reverse stock split 1 to 10...
they are not and will not communicate anything to us....and its just getting more and more pathetic ..... They do not give a ......... About informing shareholders......
Sorry for delayed response.
1 Business as Usual
2 May resume drilling again in 2nd quarter if economically sound
3 Methane is cash positive. Has been runnin at about 75% beginning from 2nd quarter, I think not sure that it is bringing in about 130,000 a quarter at this rate.
4 Actively looking for acquisition or partnerships opportunities. As many small Oil companies are going bankrupt in this environment TGC is in a good position to withstand the crisis since they have very low leverage. With that being said it is still extremely competitive cause there are many other companies hoping to buy on the cheap as well.
5 Rugen is a good numbers man. He gave a good presentation. Slides will be forthcoming on TGC website.
6 They claim the Hoactzin mess is still hindered by bureaucratic red tape but that TGC is not liable for any further liability. Well that was also what they told me two years ago.
As I type this I see Oil as dipped below 35 a barrel. Our stock price will probably collapse further close to single digits. Wish I had better things to say.....but for those that are patient enough and do not need to pay rent or are not getting margin calls I would not sell .
yepp... they are on their way to 0,,,,the new peeps they hired are all bankruptcy specialists....I sold out last week at .34 ,,took a beating, but glad I did not wait any longer,,,,