Here's what he told me a little while back:
Posted by: Creede Bighorns
In reply to: benzdealeror2 who wrote msg# 532 Date:3/20/2006 3:08:26 PM
Post #of 847
Here's some of what John told me a couple of months ago:
4. Already generating revenues form current leasese - John Stafford told me today, that GCHR is already profiting 40-50k per month(I presume that is from the 3 wells in the PR). He said that 15 wells are already on the property and that they are looking to drill 5-6 more. He also said that the lease is holding ~500 million dollars worth of oil and gas. He said that GCHR should be profiting ~500k a month very soon. He said to remember that GCHR already has leases with "existing production" unlike many other companies.
5. Elephant factor - I didn't press here, but we have all heard rumors that something else big is in the works. He eluded to other revenue streams than the existing lease, and also made reference to future acquisitions....I didn't press for information...yet. I would really like to see the next few PR's, and the website come online. Then, i'll call back to try to get more info, but I really just wanted to lay the foundation first.
He also said that the next report would be out a short time after todays report. He also said that the report would prove the .10 pps...so, I can only assume that the next report would have much more substance.
Alright, we have a problem.
AI
~> #board-7229 
