Stratex Oil & Gas Holdings Inc (STTX)

[Sun7]

Thank you for explaining all this and what the equipment on the picture is being used for. Do I understand correctly that they (according to their license application) intend to build a $100M facility ... how much oil do they expect to be there to justify such an investments? I read somewhere on this board that the reserves could be bigger than the Bakken ...
Since STTX has a 3% WI in this, do you believe this could have a substantial impact on the pps? Or is it more STTX neighboring leases which would become very valuable?
Don't you be afraid WLL and STTX will wait until the oil price stabilizes before moving forward or making any announcements?
With all of this going on it's a bit odd that the current pps is that low.
I'm sorry for all my questions, hope you don't mind, looks like you have years of experience in this field.
I have trip scheduled to SLC in June, and intend to visit this location to see what is going on by then.