I have been a share holder since 1968 and have purchased more stocks over the years having faith in this company. Lately, I'm not so sure. We were told in the past that we held the rights to drill off shore in Florida and that the state halted drilling back in the 1970's or so. Now that Florida has agreed to allow drilling, do we still hold those leases??? If not, why not???
Next we were told that Coastal was drilling in Montana and the Dakotas. Whats happening??? Last year we were told that the drills broke and could not start drilling again until spring and summer of 2009. Well we are in mid summer. Are they drilling??? What are the results??? Please keep us informed.