If anyone believes this post, I have some swamp land to sell you! This clown is a _________________.
Facts:
1. Even if they hit gas and know they have gas, they will not know if it is or is not a producer until after the drill is pulled and readings are taken of the hole section by section. That info will not be know for a while still!
2. This is exactly what happened at the Hardeman site. They thought they had oil and a producing well. The pr was written as such. Tom correctly waited before putting out the pr (getting everyone's hopes up) until the results were verified and the well tested for production. The well had oil, but it did not show enough porosity to produce on a commercial level. (Kinda like Swiss cheese without enough holes in it. You have Swiss (oil), but not enough porosity.) Tom then had to rewrite the pr late at night and then he put it out before then next morning. Then and only then did EDEX know the results and we were pr'ed within hours. (BTW: PIP did exactly what it was suppose to - it found oil. One still has to drill to test production possibility.)
3. There is no way at this point for anyone to know the MESA results at this point. Period.
Can Tom put out a pr stating we show gas? Yes he can. Should he? Well, that is up for debate. (Well qualified gentleman such as Badge would say he should.)
IMO he should not! He has already been accused of manipulation and fraud by many for waiting for the results of Hardeman before putting out a pr (within hours of the results btw!). If he did put out the pr from Hardeman saying we had oil, and then posted the official results later stating we have a non-commerically viable well, he would be ripped apart as doing this solely to sell shares based on a non-producer! Think people. The members of this board rip him for his honesty and caution, putting out a pr when it is due, at the first possible moment, how much more if he were to put a pr out that show a preliminary, and then have to post a pr of the opposite. Be honest here, what do you really think would happen on this board. Yea, I thought so. Therefore, I would do the honest and above reproach thing by waiting until the official readings post drilling.
The original point of this diatribe is that Stabilo is (IMO) ripping off shares by spreading lies and deceipt over that which he does not know. He just wants your shares.
Whether EDEX will hit a producing well is still to be seen.
There is a reef formation which is producing to the South and showed major gas pressure from the East. PIP identified this field before the written detective work confirmed the gas. I think we have a great shot at finding gas. Oil to me is just a plus. Ultimately, time will tell and I expect to patiently wait for the final facts.
All of the opinions expressed here, inclusive of all my past, present or future post, are mine, and mine alone. The opinions expressed are not a buy or a sell recommendation. Do your own Due Diligence.
