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Re: PostCog post# 22178

Monday, 09/17/2007 7:14:34 PM

Monday, September 17, 2007 7:14:34 PM

Post# of 28061
If it can produce 200bopd it will take one year to pay off well before any income comes in.No real numbers again just a questimate of may produce 250.At an average cost in ND of 3 mil per well,they need to raise 39 million.No home run here.Maybe next PR will have real numbers.But I have to say nice positive spin put on this PR, but still says nothing is very creative.Well could still be a bust.Took 2 months,no flow rate,spec grav,market,price,another string.Tom said EDEX was here to hit homeruns not singles.Thats why methane is stupid.How do you raise money when 200 mil shares are already out?Can you spell reverse split,1 for 10.

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