Ziad,
Over the past two years or so I have contacted the company many a
time only to receive very optimistic and forward looking comments,this
is well and good if followed through with action, heck i have
even contacted the CEO in Indonesia only to receive reply saying to
wait for good things to come!!!!!! Wait for how long, he didn't say.
All we have todate is 4 dry wells and a lot of talk,nothing more.
For example,look what happend so far in 97-ZILCH, no drilling, no
joint venture, nothing; and the year is fast coming to a close without
anything happening.Yeah, they signed couple of 'agreements',one
with a consultant in Canada to find JV partner,then recently one
in Indonesia to seek out producing properties,these are hardly the
news that would boost the stock price!
In all fairness, I have to admit, they have the right ideas, but alas
no takers so far and the company has no money to implement these ideas on their own. The reason they are still in business,IMHO,is due
to the 4.25% interest in the producing well in Indonesia,otherwise
they would have disappeared without a 'Trace' by now.
In short, I don't know what good it would do to contact them at this
point, for it hasn't done any good in the past. I dont know about you but my patience is fast running out with this company after waiting more than 2 years ! |
