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Gold/Mining/Energy : ATPG Shareholders
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To: Po Pimp who wrote (3423)7/11/2013 10:58:17 PM
From: Po Pimp   of 3620
 
Hmmmm... Most recent operations update for END is out. The Scott platform will be down for at least 28 days so first production from the W. Rochelle well not expected until September. Management has known about this for a long time but guess they didn't think it was important. Lot of talk about higher than expected flow rates, larger reservoir areas, but at the same time production woefully under performs. One well over budget another under budget, cash is dwindling by the minute. Sound familiar?

Oh, waiting for the excitement to die down before shorting as recommended in my previous post would have netted a 5.5% gain in one day. People are starting to catch on to these muppets. Once these "story stocks" get to the point they have to show tangible results and improvement the game is up.

END will no longer exist within 3 years from now. Actually I think it happens sooner, but they may be able to extend with some more forward sales and other bullshit financing.
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