Baseline Oil & Gas Corp (fka BOGAQ)

[Nordic Viking]

Just curious guys, any one you have any good real DD on this company. Reading the through all the info and 10ksb it seems like they really don't got much going unless they have any luck With the "We believe the Stephens County Transaction provides immediate development opportunities. There are 21 idle wells which are workover candidates as future Caddo oil producers and there is significant infill drilling potential on the acreage. We anticipate developing the 21 workovers and initially drilling five wells in this area during 2007."
Because of the blasting activity in the Barnet Shale formation, there is currently a waiting period for over 18 months for a drilling rig. Does anyone know if they have signed contract for a rig?? Could not fin that anywhere.

Thanks guys