Wednesday, August 20, 2008 7:20:49 PM
Option Fool, are you saying that it takes two months to drill a well? This is not true. The quote below is from the latest PR issued the 1st. of the month that said the one well was already drilled and the other would be done by the 15th. Please read it:
"The Board of Directors has approved of President Smith’s plan whereby he has agreed, at his own expense, to complete two wells, one of which has been drilled and the second which has been sputted with drilling and completion expected to be accomplished within the next two weeks."
Option Fool, please explain your "two month" comment? Who is telling you that? It sounds like Lanza is trying to buy more time for his latest scam.
This is why John 19 said we would have news by the 15th. Of course, now we know that he was wrong. If comes back to the question of what can you believe. BD has a history of telling endless lies. What you can pretty much know for sure is that there is no good news. Lanza is still in control and calling all the shots.
I'm informed from my sources that the deal is dead and that Smith and gang are moving on, just like Summit and everyone before them. This is what is being heard around Oil City!!!
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