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Re: Halada post# 12743

Tuesday, 08/22/2006 9:34:51 AM

Tuesday, August 22, 2006 9:34:51 AM

Post# of 35788
the LOI is a big deal. I cannot imagine why any of you say it's not. We will have multiple workover rigs ad one drilling rig. This is huge. Sure we will not have the compressor from Schlemberger to Hydrolost with so what. The hydroslotting process only takes 48 hours. It's the well prep time where all the hard work, time and money goes, in upwards of two weeks per well. We can lease a compressor from anyone and the demand for that equipment should not be very high as opposed to the rig demand. You people are so blind, beleive anything that is said here, the LOI to me is the companys final chance to pull it together otherwise we will not be in a position to slot more than 5-6 wells per year at most. If we get the equipment, we can complete tens times that amount because we are not waiting on equipment nor will we have the huge costs associated with the equipment. Get it toegther people. Grimes is not going to push the PPS higher. We have no where near 2M in revenues as furtcash has blindly pumped on this board. How can he even say 2M in revenues ? That is just a pumping stupid statement with no support. I can do the math. I know approx what they are making from Grimes. I figured so far the two wells have generated about 700K in revenue for BIGN.