The good news for US Oil & gas is that it still has cash. The bad news is that it is going to spunk it away on another exploration well in Hot Creek Nevada. The non-news is that CEO Brian McDonnell is still spouting complete horse shit in an investor Q&A published today.
There are numerous Q’s asked (although naturally young Brian has not chosen to answer some Qs) and I am sure that some of the answers stand up. But a few are utter horrors and I flag them up now.
MY COMMENTS ARE IN CAPITAL LETTERS. For those folks who cannot yet do joined up writing ( i.e. Your average USOP investor) that should allow them to look at words in a familiar way.
Brian sets out the Q&As into categories regarding “Technical”, “Trust”, “Competence”, “Communications” and “The next stage”. You might rephrase that as “Bullshit, Lack of Trust, Incompetence, Mis-Communications and How the Remaining cash will be pissed away.”
Well off we go….
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