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My current online account will not allow trades under .05 I would to add some shares as it gets below that level. Suggestions for an online broker without those restrictions?
Why do you consider my post a slander campaign? I was quoting numbers directly from ADR's production records. Go to the site and look at the details of the wells on the leases that ADR operates. If I missed a sizable amount of production in my search last night, please correct me!
I've been around the oil patch for several decades and when I see an operator promoting a well making a tenth of a barrel a month, I see a plugging liability rather then an asset.
No one is going to get rich off a bunch of decades old shallow wells. On the other hand, reworking some of the wells and applying new technology can squeeze a bit more production out of old fields but no million dollar paychecks.
I continue to be amused when folks trot out the "proven reserves" claim. If you have ever been around the Oil Patch, you would understand that "proven reserves" is often little more then wishful thinking. In polite terms, it is usually a fairy tale. In Oil Patch terms, it is often BS. In recent years, the SEC has even gone along with the game by changing the definition and allowing 1P, 2P and 3P estimates to be included.....and then no one can even agree how to do the measurements.
You need some numbers for tax purposes, I have a set that you will like. You need some numbers to pass along to possible investors, I have some numbers they will like. Bottom line as an investor is that since you have no way of knowing which set of numbers are being presented and what method was used to derive them, do not put much reliance on what you are being told.
Think this has been covered earlier. D-Bar/Alvey was a Tony Mason project and it is long gone. The fact that it is still in the filings lead me not to trust anything that comes out of WGAS. Plus in my opinion, the D-Bar deal was a typical case of two promoters trying to out promote each other.