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Gold/Mining/Energy : Centurion Energy Intl Inc

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To: semi_infinite who wrote (312)11/30/2005 2:27:13 PM
From: HotnSpicy  Read Replies (1) of 350
 
they said they plugged the well a week before they announced results, so holding that news for a week really sucked. If they had any brains they would have put it out Thursday when US markets were closed. Then they should have come out with news of the successful wells on Friday. IR is run by morons and management is asleep at the switch.

The market ignored all the good news and sold off.

From the PR released Nov 28. (note the dates)

"The well has been plugged and abandoned on November 21 and the Trident #4 rig was released on November 23, eight days ahead of schedule."

Also note the confused wording "has been". How about "The well was plugged..." grrrrr.

But as for valuations, I agree. CUX is being given away at current prices.
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