Repost from 'hayhauler' on RB, excellent read!
Ironshirt
Sorry I ruffled your feathers. Yes I do follow message boards, I don't believe anything I read, but many boards are an indicator of something in the wind.
I don't know everything, and I realize there are others that know much more than I do.
You people have been in this a long time, so I am not about to give info. on this company either way. However it came out I would be a basher, and that was not my intent to begin with. I'm looking for new companies just getting started. That's the first thing I look for.
On this one, I would suggest you go to the State Corporation Commission for info. All intentions to drill are on record, as well as legal descriptions for the wells. Most of the legal procedings start about six months to a year before drilling begins. This way you can get a jump on investing before most people know about it, or before the company issues any PR. Once you get a legal description, check with the local newspapers to confirm, sometimes intent to drill does not always pan out, but if that intent to drill is following by the required paper notice it usually goes through.
Then I usually check to see if the company is leasing more mineral rights in the area, or what companies are.
It is a good idea to try and check flow rates after the tree is in place. That's a tough one but it can be done.
The key is pressure,and cubic feet of gas produced by a well. Some wells a low pressure, and are run awhile, then they have to let them build up.
I am not trying to get anyone to invest in the following, but it is a good study in legit and profitable oil and gas companies and it might be surprising to you what their share price is. Oil and gas is not what most people think it is. It is not a get rich quick scheme. This is really unfortunate for many people and many people lose money because of it. Anyway Parker Drilling,Louis Dreyfus Natural Gas, Chesapeake Energy Corp. are just a few. Questa Oil, DBL Oil,Kerr-McGee, Williams , OGE, just to name a few.
Seismic Companies have a wealth of info. if you get hold of the right people.
Other avenues, but don't have the time. I would check out you investment here. Bye Bye from the oil patch.
P.S. I will E-mail to the one who requested info.
muel <g>
