Yesterday, a group of shareholders in Calgary filed a request for an AGM. From that date, the company has 21 days to set and announce a date for an AGM. They know what can happen if they don't do so. Therefore, they will get it done.
The company has clearly been dragging their feet getting the financials done and the technical reports required by the Alberta Securities Commission (ASC). The financials for an entire year of a company doing viturally nothing can be done in under 2 weeks.
We didn't get involved for Pincher Creek, we bought shares for Tennessee, and we want an honest statement of the facts at the meeting. In 2008, Brown told those present at the AGM that the company had all the technical facts about the area, and that the oil in place was huge, hence the plans for the additional 23 wells they'd announced. He said the pool could extend into the next county. Bill Cawker wasn't please by all that Brown told the meeting, and even said, "You shouldn't have said that." By the 2009 AGM Brown had developed a memory problem. Maybe his adventures with the ASC have sharpened his memory. A little wax inhibitor that Baker's tests determined was required, should be put down the #3 and they'd have all the cashflow required to do whatever else is required to get the five wells flowing oil. It's because of the success of the workover on the #1 that they drilled the #2 well 250 feet away, and with such a large hole size. The results from the #2 well are why the #3, #4 and the #5 were all drilled to the Copper Ridge formation at 5,000 feet.
