We are drilling for a Canyon Reef at approx 3200ft. The permitted depth is including extra if we need it. As to my pumping this stock----what a good job I am doing. Has anyone noticed how high the stock jumped to? Yes there are a lot of shares. That's what happens when you sell stock to fund a company which we haven't sold any for a long time. If EDEX has a hit or two or three and we have a bigger piece of the pie each time its quite possible to have future revenue of millions of dollars. That why we are in the oil business. This well won't take us very far except it will show that using PIP can work and each additional well gets bigger and we get more %. I am not asking anyone to buy more shares now. Just wait a few more days to see some results and just keep following our progress. When we drill our next prospect, which is many times bigger with many times the interest, then it could really mean something to the share price. Then when we raise money we will selling a lot less shares for a lot more money. If the PIP process and my belief in it isn't your cup of tea then buy something else. If you want someone who will die trying something new, for a potential Geologic breakthrough, then you are in the right place. If we fail it will not be because of pumping or fraud or being stupid. It will because we were just wrong. I don't have to be right all the time, just enough to make enough to cover the losses and then some. Keep kicking this dog and risk losing a fun ride if we are indeed right. The next news will be in a PR.
