Moon Equity Holdings Corp (MONI)

[Maria56]

I didn't call them stripper wells. Another poster seemed to contrast WOGI's drilling efforts to so called "stripper" wells and that poster provided a definition, i.e., a well that produces less than 10 barrels per day. He also quoted projections from a WOGI PR.

I did the calculation: 10,000 barrels in the first divided by ten wells divided by 365 days equals 2.74 barrels per day per well, i.e., "stripper" wells.

Of course, WOGI was also projecting revenue based on a barrel price 50% higher than it is now. At the current prices, projected revenue will be about a third less, assuming they even find that much oil in that thar shale.

BTW, didn't we establish yesterday that WOGI drilled the wells for Benchmark Standard LOL and thus the oil is prolly Benchmark's and that "lot of $$$$$$," as you say, prolly isn't WOGI's anyway. They already got PAID.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111816288

Luckily for Benchmark Standard LOL, though, it's looking as though the tax deductions are gonna work out, especially if the drop-off in production is typical to what is charted here:
http://www.marcellus-shale.us/Marcellus-production.htm