Wednesday, May 14, 2008 3:41:10 PM
I was watching something the other night about oil exploration and they mentioned that the way they use to drill for oil only got like a third of the oil out and that new technologies and methods are being used to get a lot more of it out. It is possible to take an old well where proven oil once was and use a new method to get at even more oil.
If this proves to be good source of oil companies like Bedford may actually clear pretty good profits in time. For now, still waiting game.
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