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Monday, June 30, 2008 11:48:28 AM
I have recently called Newfield Exploration Company (NFX:NYSE) at 281-847-6000:
http://www.newfld.com/
The lady transferred me to their Oklahoma branch. I asked the lady that answered a few questions of which she had sounded very nervous to answer as she asked what was I going to do with the answers that she will give me.
The rest of that story is a little long for what I told her, but in short, she confirmed what I needed to have confirmed by NFX. She confirmed that NFX is very successful in drilling for oil and gas in the OK areas that I mentioned to her. These areas I mentioned were the same areas that MMTE had PR-ed below for preparation to drill MMTE’s 3 wells at the same areas where NFX & AGGI drill:
http://biz.yahoo.com/iw/080611/0405677.html
If NFX would have been drilling and not had any success, then the odds for success would have been a little different. Yes, I believed what MMTE posted about the 99% to 100% success rates, but I wanted to hear it from NFX. They confirmed it for me.
NFX trades at over $64.00+ per share on the NYSE. For MMTE to begin the drilling of 3 wells in the same area where NFX is still being very successful for hitting oil and gas is a huge sign of potential for what MMTE will be pulling out of the ground in my opinion.
She did not want to discuss with me the amount of barrels that are being generated daily by NFX from that area where MMTE will be drilling or the amount of gas that they are obtaining from the area or the millions of dollars they are making from that area. Instead, she forwarded me to a guy by the name of Chris Tremble or Trammel as could not quite catch the last name. She said that if the further info that I was asking for could be released, it would be up to him.
I'm actually trying to get an amount of oil and gas that they are currently pulling out of the ground from the same areas that MMTE is getting ready to drill. Chris is supposed to be calling me back. If he doesn't, I won't pursue it any further as I feel secure enough with my MMTE investment. If he does, I will post what I am told.
v/r
Sterling
Sterling's Trading & Investing Strategies:
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