Moon Equity Holdings Corp (MONI)

[Maria56]

So wogi can make any claim before February ? That's disgusting.

Not necessarily. Presumably, they will file the Q2 next month and the Q3 in November. Those will reveal whatever they reveal (hopefully more than the Q1 revealed about WOGI's revenue share).

In the meantime, though, I'm not getting excited about oil coming out of the ground without knowing just what WOGI's share is and when WOGI starts collecting it. And that's because if I was paying $125,000 for each well, I'd expect to recoup my upfront costs at a minimum before WOGI got whatever their share might be.

Especially if two bits of info from this article are true:

1. Weaver figures he spends $80,000 or more for each new well.

WOGI's getting half again as much as that for each of these wells; I wouldn't consider it good business sense to start sharing the revenues with the first barrel produced. But maybe that's just me.

2. He said some area producers are spending up to $30 to truck and dispose of the wastewater brine that's produced for every barrel of oil they take from the ground.

If true, YOUCH!! That would sure cut into the profits. Who will be paying that bill if needed?

http://www.goerie.com/article/20150301/NEWS02/303019924/low-prices-mean-dark-days-for-regions-oil-producers