The history of oil in this area goes back to at least the 1920's and probably earlier. There has been literally TONS of oil extracted from this area. I know the average number of barrels of oil per well currently being extracted in this area and its not very large.
Those investing in LEXG because of a perceived value in this oilfield need to do more DD. I'm sure Alex will tell us that the seismic testing shows there is still plenty of oil in this area. But at what cost can it be extracted? And how many wells can either White Top or their investors afford to drill? I wager, those are the important questions that Alex Walsh will not answer or even address.
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