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Friday, February 29, 2008 5:03:31 PM
The CEO of the company stated, "With our second well acquisition announced today, management feels confident that we will meet our goal of 50 additional wells for our Workover Program by year's end. We will continue to identify and procure the rights to promising leases. We anticipate cumulative initial production of 10,000 barrels of oil per month once all wells have completed the Workover Program."
Possible next PR ?? (spotted in truck stop restroom somewhere in TX ):
To our friends and shareholders … Our goal is to try and maintain the PPS above $0.0008 while crude has risen to over $100 / BBL. We know that REAL oil companies are generating revenue and profits hand over fist – which only magnifies our ineptness. We thought we found crude oil last week on our property. On closer examination, we discovered that the source was a leaking pan gasket on the rig up truck.
But we’re confident that oil is out there because we’ve seen those what-u-ma-call-it pumps going up and down up and down when we drove by on the highway. We were lost though and can’t confirm that they were on our leases.
Hang in there and keep buying those shares!
JR
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