Saturday, January 05, 2008 12:11:21 PM
it shows that this is a company that really is a trucking company now, having spun off WWOG. Yet the press releases talk about new property in Borden County Texas. I have checked the Texas Railroad commission record on the Gray and Swepi Leases in Borden County: there has been no production this year by Success Oil. Since the Yearly financials of WWNG show a big decline in revenue between 2006 and 2007, I wonder if WWNG owns much of a working interest in Texas.
And what ever happened to the California deal mentioned last year? It fell through and so Glover went to Texas to try and get lucky? Good luck getting a reworking rig in Texas.
This company/stock is "puffing" from looking a their press releases and lack of progress in getting anywhere- even in their fincials posted on Pinksheets. Little to no transparency and dealings with DVFI. I pass!
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