Breitling Energy Corp fka BECC

[FM II]

Sometimes, their press releases don't make enough sense to me to extract any useful information. Here is Parker Hallam explaining that Crude Energy is leading the way in a little known Texas formation by participating in a non-existent well. The article then goes into great detail how Crude is going to use standard multistage fracturing technology, even though the well does not exist and the only well similar to what they describe was drilled and completed by someone else.

The article then explains that Crude Energy specializes in the Bakken and the Permian Basin and then, after discussing the size and activities of other companies in strange detail, explains why Crude is not drilling there.

Mr. Hallam is quite pleased with the results from the non-existent well, which is strangely similar to another company's well, the Holcomb No. 1H. If he is confused for some reason and is talking about the Holcomb No. 1H, it is hard to imagine that he would be pleased with it since the Holcomb is a crappy well.

Because the Hardeman Basin has great potential, Crude Energy is quietly pioneering the way in this lesser known area.

Crude was doing something quietly, but I think only Mr. Hallam would call it pioneering. The fact is Crude participated (if anything they say is true) in another company's crappy well that is completed in a formation that has had 192 wells produced from it just in Hardeman Co., with completions going back to 1962.

Does anyone care to defend that as pioneering? Does anyone care to define "successfully leading the way" so that it covers what Crude Energy did?

http://www.marketwatch.com/story/crude-energy-successfully-leading-the-way-in-this-little-known-texas-formation-2014-08-05