I do not know the details, but Dr. Harper seemed quite positive about potential near future, I believe, developments that are land-based on Newfoundland (such as Deer Lake) based on unreleased seismic data.
A few months ago he told me that they had to seal the offshore slim-line hole due to the expense of drilling and the company's poor cash position. I don't quite remember whether he mentioned in the last conversation what they could or would do with it in the near future.
I am not in the oil and gas business, but I am very critical, and from previous conversations with Dr. Harper that began over a year ago, when he was just a consultant for LMX, I must say that I was extremely impressed with his intellect and lucidity. I also thought that, over the phone, he seemed about as honest and forthright as a person could be if you're evaluating them in this manner. This was all before hell broke loose due to Farrell's shenanigans.
The upshot is that the company is in a state of flux due to the terrible situation Don Farrell and cohorts left them in, but they still may have great potential due to their biggest asset, Dr. John Harper.
I would like to repeat, that in a phone conversation with Harper within the last week, he was positive about some proprietary technology for exploration he had developed over the last 20 years. |
