Events yet to unfold for oilexco.
1) News on completion on the present well.Hope fully it has 20 feet or less of net pay> That would be a great news as they must find out how wide the oil find is before they can apply for a development permit to start producing there massive oil field.
2)Engineers report on there first well(A none event because it is only on well #1 & missing most of the data collected so far)
3)Hmmmm Maybe the latest $2.38 warrants get Exercised.
4)They will need some weeks to analyze all the data so far.
5)Hopefully we find out something about the connoco land next door.
6)Now a well to find the other side of the field, but if they don't find it,then another well to find it.Small net pay here is a good thing as to mean they found that other outer side.
7)They may or may not yet drill down the heart of the formation here to know how much net pay is in the heart of the field.
8)Now as many wells to be drilled to find both ends of the formation long end to end.
9)Engineers report on how much minimum oil is in the field.
10)Development permit so we can go onto production,as long as they have found all 4 outer sides of the oil pool.
11)Only if needed debt financing as oilexco will have by now the minimum # of oil in the ground & European banks love to do debt financing.
12)Start the drilling program on the southern gas basin ,which is on trend next to the MASSIVE shell gas discovery.
13) At anytime from 1)-12) they will announce what they are doing on the large gas acreage oilexco has in North Dakota & maybe 1 more well in Alabama.
14)Do extra drilling on the gas field or oil field if needed.
15)Start to pay shareholders a dividend ( My thoughts only)
16)Onto the next home run for Art/Oilexco!!
