who are the morons running this company?

by problembear

an oil spill goes undetected for at least two weeks? (they don’t even really know how long it has been leaking.) and we are supposed to believe their estimate of the amount of oil spilled? 

where in the hell is the oversight of these pipelines? where are the safeguards? does anybody know? 

a brief description of fx energy’s operations in montana

Activities and Assets in the United States

We produce oil from approximately 10,732 gross (10,418 net) acres in Montana and 400 gross (128 net) acres in Nevada.

Montana

We did not drill any wells in Montana during 2010.  We are evaluating plans for drilling in Montana during 2011.  During 2011, we plan to deepen several wells in our 10,000 acre Cut Bank field to take core samples from the Bakken and related formations for laboratory testing.  We sell all of our Montana production, which constitutes over 94% of our total oil production, to Cenex, a regional refiner and marketer.  We are in discussions with other oil and gas companies with a view to possibly investigating the Bakken potential over a broader area.

here are the chief operating morons…..

Outside Directors
Dennis B. Goldstein – Attorney with over 25 years international business and mining law experience. Formerly Vice President and Corporate Counsel of Homestake Mining Company.Arnold S. Grundvig, Jr. – President and Chief Financial Officer of A-Systems Corp. Graduate University of Utah and MBA Phoenix University.Richard Hardman – Leading figure in North Sea exploration since 1969, VP exploration for Amerada Hess 1983-2002 responsible for North Sea discoveries at Val Hall, Scott & S.Arne.
H. Allen Turner – Retired from Devon Energy, Corp. (DVN: NYSE) in 2001 after twenty years as a senior financial executive, including Senior Vice President of Corporate Development.Inside Directors
David Pierce – President and Chief Executive Officer
Attorney with over 25 years experience in natural resources, securities and international business law.  Graduate of Princeton and Stanford Law School.
Tom Lovejoy – Executive Vice President and Chairman
Over 30 years energy investment banking experience with Dillon Read., Blyth, Eastman Dillon, Paine Webber, and Prudential. Graduate of MIT-BS and Harvard-MBA.

Jerzy Maciolek – Vice President International Exploration
Over 25 years experience as a geophysicist with PGNiG, Gulf Oil Research and as a consultant.  MS in exploration geophysics from the Mining and Metallurgical Academy in Krakow, Poland.




  1. They’re apparently capping those wells, but the tribe has concerns about the many others.

    Sickened to read of this.

  2. Ingemar Johansson

    “Up from the ground came a bubbling crude”




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