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Re: mean_street_dude post# 2666

Friday, 06/22/2007 11:01:02 AM

Friday, June 22, 2007 11:01:02 AM

Post# of 142784
Once an oil and gas lease is signed, the next step is to have seismic mapping to attract investors to a drilling program. Our CEO forgot to keep some money for seismic and how can we get partners without seismic analysis. There are resonable JV drill ventures with a carry, but after 2.5 years and high oil prices we have nothing. All my friends with land leases found willing partners easily in this high oil price climate. They had reasonbale sesmic analysis and costs and found a lot of partners. FPPL has nothing and we have no clue what the CEO is doing if anything..