NuTech Energy Resources Inc. (NERG)

[Surmised]

Just spoke with Mr. Steffan, have a few takeaways from the call.

It takes about 6 hours to setup one of the wells and as you can see from the youtube video, the setup is pretty easy. The wells are already drilled, so the hardest part is out of the way.

It takes anywhere from two to five thousand to setup one well. Thats twenty to fifty millions dollars to get all of the wells operating once labor and everything has been paid. This means that the revenue from the first year will be minus 20 to 50 million dollars but after the first year the operating costs will only be a fraction of that.

He strongly believes that this could be a billion dollar company. He also said that after the wells are operating, the share price should be around ten cents and the company will likely do a reverse split to get the price high enough to uplist.

About the 60 billion shares that everyone is talking about, he said, if I remember correctly, that 75 to 80 percent of the shares are locked up for acquisition and are not being traded.

long story short, don't listen to the people being negative here, this company is going to go to the moon once operations get rolling and once it gets on everyone else's radar, panic buying will initially drive the share prices way up before they finally settle to a good holding price.

Mr. Steffan also said that he plans to travel to Wyoming to see all of the operations and talk with the company's management. Looking forward to that report. He is a pretty nice guy, if anyone wants to give him a call and talk to him about any concerns or about the company feel free to give him a call.

702-902-2361