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Re: gemstar66 post# 108343

Wednesday, 01/15/2020 9:18:57 PM

Wednesday, January 15, 2020 9:18:57 PM

Post# of 127563
gemstar, I started my career on land in production in 1982, then I went the work for Shell Oil in 1985 offshore. I’ve been in oil and gas production for 38 years now, and have had drilling rigs on my locations many times. I’m currently a production foreman offshore. We drill wells out here 12,000-15,000 feet within 2 months time without running into major problems. Everything is more expensive when dealing with offshore, on land, not so much. I know exactly what it takes from the time you drill the well to bringing it into production. On land, once the well is drilled, they’ll have a gas buster on location and run temporary piping from the well to the gas buster and flow the well initially on a small choke and vent the gas and pass the fluids through a meter to get a rate. If the rates are good, on to the next well. At some point they will have to decide if they want to become an oil company or they want to find the oil and collect royalties. If you start hitting oil on every drill, big oil will step in and keep you on retainer. Big oil can also provide all of the supporting process equipment, pipelines, tank battery, etc. By that time, roads would not be a problem. Tanker trucks would need to get to the tank battery to transport the oil.

I’ll say this, if the (patented) technology is that good, one day this stock will be trading on the big boards......

Offshore, survey vessels come out here pulling bouy’s with explosive charges hanging on the bouy’s, so the seismic approach is similar to what you see in Geo’s video......

As someone mentioned it looks like a modified rifle.....I had to Lmao....the equipment they are using is far more advanced (4D seismic) than it seems. It is processing information with every shot!

Hope that gives you a little more insight.
GLTY