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Gold/Mining/Energy : First Calgary Petroleums, Ltd (FCP.T)
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From: J. D. Main5/13/2005 3:45:38 PM
   of 603
 
Posted by Dutchfella...His first sentence deals with his newness to the board he posts on nowadays.

Relax, i still haven't totally figured out what i am doing when i post and i misposted there.
Interesting part of the release is on the Yacoub drilling. They are at target depth on the ZCH well, have cased it and already done a stem test but they did not want to release that info or give the size of the pay zones. Similarly, no indication of the start or progress of their well testing.
Still no results from the last Ledjmet well whose name i have forgotten due to the passage of time.
And they were vague about whether the other Yacoub well has been spudded or not for reasons that i cannot comprehend. Exactly what does "is proceeding with the drilling" mean?
Either they have an agreement with the bidders that no news will be released until the bidding is wrapped up, they are afraid of getting into a problem with the exchange or they have their own agenda and motives. Seems like the only thing they are not afraid of is letting the retail shareholders twist in the wind as the price declines and they make sporadic crap news releases.
We are looking at serious shareholder fatigue setting in here even though we are getting closer to a double plus.

J.D.
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