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Re: A44975 post# 797

Monday, 06/30/2008 12:51:40 PM

Monday, June 30, 2008 12:51:40 PM

Post# of 2661
A44975,

It's not like the oil is pouring out of the ground, al la Beverly Hillbillies. 10 ~ 12 BOD was projected per well (probably best case) and claimed 70% success rate on drilling of wells, even with all of the seismic data. To me, that is speculative. I would hasten to say that most Bankers and or Underwriters are going to feel the same way.