Grifco Inc (GFCI)

[Been_Burned_Before]

B2L: No, it is you who's mistaken!

I quote from the 7 well PR: "Grifco International, Inc. announced today the exercise of its option for 100% of the working interest ("WI") and 75% of the Net Royalty Interest in 208 gas leases located in the Permian Basin geologic formation in Crockett County, Texas."

Did you notice that "208 gas leases" part in the PR?

Now, I quote from the very same PR: "The proven reserves of gas in the 208 drill sites are 109 billion cubic feet based upon an expert geologist report."

Obviously, when the tranche PR says "leases", it means to say "drill sites" and when it says "drill sites", it means to say "well sites." Got it? Good!

Been_Burned_Before