(01-28-2014, 05:35 AM)ArtM72 Wrote:
(01-28-2014, 01:02 AM)Getitrt2 Wrote: Art, if JFT is at one "extreme", you seem to be at the other. You're even judging January before it's over. Also, would you please enlighten me as to when and where current management promised a spudding in January? What I heard was Wahoo in first quarter, and that has now been upgraded to all three exploration wells in first quarter, and up to three appraisal well and one exploration well in PRL 15 in 2014, per the Jan 13 presentation. That's progress in my book. The board hired Dr. Hession. Why would you think they need to approve hires under him, publicly or otherwise? Incentive programs they would need to approve. "Maybe it's time for you to stop your incessant" inaccuracies and negativism and presenting them "as reality".Getit -
It was pretty clear in the post deal CC that Hession expressed confidence the necessary IPI shares would be obtained in December, but "guaranteed" they would be obtained by this month. I'm no Chicken Little running around saying the sky is falling but it hasn't happened yet. IOC has yet to spud its first well under Hession. Site preparation? We've seen and I've acknowleged site preparation, but before lauding Hession's accomplishments in that regard as JFT has done I am simply saying let's wait until it happens. Should Dr. Hession be able to build his own team? Yes. But again, before putting them on the pedestal let's see something accomplished first.
What has been accomplished and revealed to the public to date is a series of incomplete deals which in total has generated a 40% drop in share price. It certainly appears that anybody who knows what is going on isn't saying and anybody who is saying simply doesn't know. The third option is nobody really knows what's going on, certainly a possibility that warrants consideration.
All that being said, it sure would be nice to know how the meeting with Duma went. More crickets. Pardon me for painting a picture which might not appear rosy.
Art, you did not really even address the specific inaccuracies I brought up, just generated more negative spin. It's enough to make one wonder about your agenda. Shorts used to claim adnauseum that there would be no deal because "it hasn't happened yet". Guess what: It happened, and happened when Hession said it would happen.
You don't think obtaining $250 million in new financing for exploration, ramping up available rigs to four and working on at least two more, accomplishing a lot of new seismic and research and new site selection and preparing sites and mobilizing rigs for four to six sites or more, for a company that has never drilled but one at the time before, are significant accomplishments?
You think the Company should reveal or characterize internal considerations or actions by the government before they are completed or the government is ready for them to be revealed?
Are you saying you think perhaps not even management "really knows what is going on"?
Do you think you could be satisfied if management took the time to give you a personal daily or weekly detailed update of all considerations and actions? Give us a break!! Maybe you should do some of your posting elsewhere.