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10:37
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Originally posted by agentm
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the company PEOCO LLC is set up to handle those funds that are exclusively for previous unpaid liabilities owed by the collective of SGC XST EME (and anyone else that may or may not be liable.. i cant keep up with the changes) for dempsey and alvares, covering things like previous leasing and well operational costs, it just happened they did not pay them on time imho so it made their balance sheet look pretty good if you missed the small print (which i didnt),, and as operator i dont believe SGC actually operates these fields but sub contracts the ops to sub contractors which i believe are also significant shareholders in SGC ( is it dero parker?).. it also will contain money owing for the operating costs of the uneconomic gas fields shared by xst and sgc where costs outweigh returns by a significant factor.
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Thanks for that agentm.
