I will let Geo speak for himself:
“There are other things that you need to know as far as our drilling statistics are concerned.
During the mid-1980's, I hit 13 out of 14 wells in Kansas using radiometrics, microradiometrics, micromagnetics, magnetics, and soil-air helium analysis. All of these wells paid out, some rapidly, but the party ended in early 1986 with the collapse of oil prices. Oil prices dropped from $25 to $7 almost overnight. At $7, payout was too long to work for most wells. As a result, the industry collapsed. Most onshore wells drilled in the continental United States were not commercial at these prices. During this time, I moved out of Kansas to look for greener pastures. I eventually moved to Texas and after two years found Needle Creek Oil and Gas Fields, McCulloch County, Texas.
Also, during the mid-1980's Calvin, Geo's geologist, drilled 43 out of 46 wells correctly on the Chadbourne Ranch. Calvin managed to extend the Chadbourne Ranch Oil Field into areas to the west that Exxon believed would be non-productive. This area ended up yielding massive oil and gas production that Exxon completely missed for more than thirty years. The oil operator that Calvin was working for at this time eventually sold out and retired. Calvin never was paid the override he was promised by the operator for this work. They remain at odds to the present day. It is a very sore spot for Calvin. This is why he is working for Geo today. Our gain, their loss. Calvin is one of the best geologist I have ever known.
None of the above statistics have been included in the often quoted 70% success ratio. The 70% ratio only includes the wells that have been drilled in the last 15 years, since the discovery of Needle Creek.” Post #20884
Somehow, you actually believe we should listen to you instead based on your infinite wisdom, knowledge of all the facts (which neither you nor I have available to us) and experience. I’m not that stupid!
I know Geo. I've spent time with him. I've talked on the phone with him numerous times. You have........? Yea, I didn't think so. He is a man with the highest sort of integrity and honor. His partner is the same.
All of the opinions expressed here, inclusive of all my past, present or future post, are mine, and mine alone. The opinions expressed are not a buy or a sell recommendation. Do your own Due Diligence.
