You don't have to agree with me. I am long Indo also. In spite of your accusations. The problem is that you ignore facts. You literally pretend as if you never heard them. Let me give an example. In your above statement you say that "I am aware of several companies that spread the risk amongst associated companies and/or to industry partners."
It would seem that you are responding in professional manner to my repeatedly stated concern that the working interests in all the oil concessions that Indo gets are being divided to IREMCO controlled companies; (the group of individuals who founded and promoted these associated companies).
In fact my concern was that it is the reward and not the risk that is being spread among these companies.This is true because the associated companies like Durum, TOP, & the private entities etc.have extremely limited financial assets. It is also true because no cash was put down to get these allocations of working interests. It is also true because as far as I can analyse it, these associated companies are able to obtain huge chunks of the working interests for small payments on the first well dug. That means that TOP for example, probably obtained its 50% interest on what Indo is promoting as a potential billion dollar natural gas site in the Taranaki basin for about $100,000 to $500,000.
If it were truly risk that was being divided, then wouldn't it be logical that larger and more financially sound oil companies would be brought in as Indo did with Fletcher Challenge and Boral energy?
You state that you have objective opinions. In fact, after reading all of your comments, I can see that you have never had a dialog with anyone who doesn't agree with you.
You pretend as if I never brought up this splitting of the reward rather than the risk aspect of the organization of Indo. You've literally never addressed these concerns in a dialog. Instead, you continue to attack me. You continue to accuse Mike and me of conspiring against you.
Have you seen the latest Mel Gibson movie, Conspiracy Theory? I think you would enjoy it. More importantly, it is obvious that you are not on this website for any type of dialog. You are here to goad other participants in this thread to react to you. Why else are you constantly putting down people who have concerns or simply wish to find out more about the various background actions that management is taking with Indo Pacific?
Please find some other thread to goad and abuse people on. Please leave this thread.
I ask everyone who agrees with me to post a request that Don, who is truly an abusive individual leave this thread. |
