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Re: lentinman post# 9

Thursday, 09/02/2004 11:33:01 PM

Thursday, September 02, 2004 11:33:01 PM

Post# of 1080
When you first start with Investors Hub, you only get 3 posts a day. It's their way to encourage membership. After a while, they upgrade you to 18 posts a day. That's where I am.

As far as size, here's my view. The guy is experienced and uses good subcontractors for drilling and operation. He monitors the wells very closely compared to bigger companies. He researches potential sites very carefully and looks at 20-30 for every one he buys.

So he is primarily dealing with financing, monitoring wells and finding new prospects. Since he has a 9 well drill program for all of 2004, I think he can handle that and if he hits 7/7, reserves and production will go way up. How much more can he grow? I think he could double again in 2005 with the same routine. Now that he is very cashflow positive, he may not have to worry as much about financing going forward.

I am very high on this guy. No nonsense, veteran. I think its good for a hold thru at least 2005 while the wells get all hooked up. Hopefully he can develop similar prospects for 2005. I have found a poster in the energy business. He checked with a geologist he knows and says Cohan is top notch. In fact he said he hasn't been able to present him with a good enough prospect so he hasn't been able to sell him any prospective sites. Picky.

Bob

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