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Re: dragon man post# 22697

Monday, 10/15/2007 7:12:17 PM

Monday, October 15, 2007 7:12:17 PM

Post# of 28061
I will try to settle a few things that have taken up to much time on this board. Harshwords---I gave out information on the Mesa well that was given directly to Tony by the President of United Drilling. After the expected date was missed, because El Paso Natural Gas wanted some additional drilling done, we were then given a rig that was in a major overhaul and we waited for it. United did drill our well just not in the time frame we expected. Get on to the next subject and give it a rest. You are beating a dead horse. The pipeline situation in NM. There has to be enough reserves drilled up and proven to get a 25 mile pipeline built. We do have someone lined up and they said it would take 8-10 months to permit and build at their cost. EDEX and its partners would pay approx 7% of the gas as a fee. The pipeline size will depend on not only the Mesa wells but the Taiban and Ft Sumner leases too. EDEX will drill at least one well on each of those leases before we all decide on pipe size. The early estimates were about $9,000,000 including pipe, hookup fees and compressors. North Dakota is indeed cold in the winter but drilling for oil and gas goes on year around. They prepare for it and life goes on. EDEX has not sold any stock at these prices and won't. We are looking for partners do do new drilling with their money. We will post good news or bad when we have it, not just to try and boost the stock. I am distressed at these prices too but getting Mesa and the Wanner well finished is what will make the stock reflect the increased value. EDEX has several other projects we are working on but will PR only when they are in the bag. I think Harsh and Dirt are after me personally but I can only respond to questions about EDEX the way it is and if that's not good enough, for Pete's sake sell and move on. TopHat, you are doing a stand up job trying to keep the peace and trying to get whats really happening and not some body's biased take on things. The longest jumbled up paragraph in history but I tried to cover as many bases as I could in one post.

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