Re: Time for Change
Bowie8, you make some excellent points--thanks. Adding to investor frustration is timing. More specifically, there always seems to be long delays between what appears to be just on the horizon versus what actually happens. We have been hearing for years about the Company's plan to produce their own electricity to lower operating costs. Then, in the conference call earlier this week, we learn that it is still a work in progress. We have been hearing about the massive potential of the A-Limestone for years,yet have little to show for it. In earlier presentations, management touted the goal of 50,000 BOPD production, now we will be fortunate to ever see 40,000 BOPD. And what is going on with all the pump failures? These delays are nearly always coupled with negative quarterly reports. The investor relations function could do a far better job of keeping shareholders updated. Projecting what we will see each quarter in the earnings release is anyone's guess. In turn, uncertainty does not promote shareholder value.