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$MOLOF great info here:

MOLORI ENERGY INC COM NPV (OTCMKTS:MOLOF)

One of the world’s greatest sayings is “follow the money”. This is particularly true of businesses as their vision of the future dictates how and when they allocate their resources. Businesses like the highest reward for the lowest risk so it is logical that they spend where they can get the best returns. In today’s oil market, the topic that continues to dominate is the new technology available to North America drillers and friendlier industry regulations – both of which are highly prized assets by the oil and gas sector. This combination is producing an environment where profits are now being generated from assets that were once believed to be depleted or too costly to operate. Mothballed, or previously operationally expensive, assets are now being brought back to life. Oilfields that were once considered too costly, or too difficult, to extract are now getting a second look. A great example of this is the Red Cave formation in the Texas panhandle. Not only are established players returning, but at least one firm we have highlighted in these pages before has an interesting play currently in process.


Red Cave History

The Red Cave formation has an interesting history. Most drillers believe that “Red Beds” do not produce both oil and gas, however Red Cave does. The formation has produced over 70 billion cubic feet of natural gas since drilling there began back in 1919. In 1960, the Red Cave formation received a separate field designation from the Texas Railroad Commission. Drillers have been active here ever since and are to this day, as you can see in the satellite image from Google.



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