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investorstallone

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investorstallone

Re: themetallurgist post# 13704

Thursday, 06/14/2007 11:00:56 PM

Thursday, June 14, 2007 11:00:56 PM

Post# of 51429
Great info...I spoke with Jim McBeth on the phone the other day. Highlights...

Wilshire is providing financing so Hemi can go nuts and get back on schedule this summer given all of the rain. They plan to aggressively drill once the ground is dry enough for heavy equipment.

The new will that produced 60ish bpd is choked back to 40ish last he heard, but still flowing well.

No dilution

8-$10 by Dec 2008.

These are the facts as I understood them, but please don't quote these as gospel...disclaimer...yadayadayada


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