“Truthland” Panelist Awarded Norse Energy Stock Options
by Buck Quigley - posted 6:08 pm, July 24, 2012
Click here to read how one of the panelists at this week’s screening of the natural gas propaganda film “Truthland” (Thursday, 7/26, 7pm, Burchfield Penney Arts Center, SUNY Buffalo State College) has been rewarded by his natural gas employer (Norse Energy), according to a report published yesterday. From the story:
Dennis Holbrook, Chief Legal Officer and EVP, received 1,000,000 newly issued options with an exercise price of 2.92 NOK. Mr. Holbrook holds an additional 83,333 share options which carry an exercise price of 20.10 and an exercise period of 9 June 2010 – 24 July 2014. Dennis Holbrook now holds a total of 1,083,333 share options and 218,387 shares in NEC.
That’s a lot of Norwegian Krone, my friend.
Holbrook has been keeping a high profile on the AV blog since Friday, when we published comments he made at an industry conference last Halloween. If high-volume horizontal fracking gets the go-ahead in New York, where Norse Energy has held a lot of leases, Holbrook and his company stand to make a lot more money.
“As the head of a public institution, I infrequently, if ever, comment on the content of campus speech. I am sure all sides will be represented and the dialogue lively,” said Buffalo State College president Aaron Podolefsky of the event.
According to this press release from the Independent Oil & Gas Association of NY, the “Truthland” panelists will also include, aside from Holbrook, Dr. John Conrad, Conrad Geosciences; John Holko, Owner, Lenape Resources; Dr. Scott Cline, Ph.D, Petroleum Engineering; and Shelly Depue, star of ‘Truthland’.”
Perhaps Dr. Podolefsky meant that all sides of the pro-fracking argument will be represented?