Dear CIBC,
I came across your ad for the sale of Ombrina Mare by MOG. In your ad you FAIL to mention that Ombrina Mare has been declined environmental clearance from the Italian government on October 7th as reported by the Italian media.
I think this information should be disclosed to your investors, and to potential buyers.
This information is all over the Italian news and it is unethical for you not to disclose it.
Ombrina Mare was not approved and will not be developed under current legislation, since it sits well within the 5 mile no-drill zone designated by the Italian ministry of the environment.
Sincerely,
Maria R D'Orsogna
Newspaper reports 1
Newspaper reports 2
Newspaper reports 3
Newspaper reports 4
Newspaper reports 5
Tuesday, October 19, 2010
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