The paragraph below was extracted from a recent UTS press release.
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UTS holds a 22 percent interest in a Joint Venture with Koch Oil Sands LP to develop Leases 5 and 52 covering 55,874 acres in Alberta's Athabasca Oil Sands. The development plan for the leases contemplates a further exploration program to enhance the definition of the bitumen reserves. Dependent upon the results of the drilling program, long term production from the leases is anticipated to be between 60,000 and 90,000 barrels of bitumen per day using available technologies.
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Do you mean to tell me that the oilsands (in the leases formerly owned by Solv-Ex) DO have recoverable oil in them? Go figure. Asensio, Barb, and Gary told us that was a bunch of BS from John Rendall!!! Why would they lie to us and the public about something so important???
Is it legal for people to knowingly lie about something like this in an effort to drive a share price down?
Or, could it be that UTS, Koch, Suncor, Syncrude are not telling the truth? Could Suncor, Syncrude and Shell all be pretending that there is oil in THEIR oilsands?
Help me out here SEC officials. Who scammed who!!!???? Who was telling the lies all along???? Drop your bogus investigation and focus your energies (i.e. our tax dollars) on the modern day scam artists, namely SHORT-SELLER cartels.
David
P.S. Sorry for the sarcasm. |
