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ReserviorDog

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ReserviorDog

Re: captschippy post# 11171

Wednesday, 10/14/2009 1:44:54 PM

Wednesday, October 14, 2009 1:44:54 PM

Post# of 42999
Why would an oil company buy a rig if they didn't have a long term drilling program? To even think about owning a rig you would expect a field development involving proven reserves not a couple wildcats. Buying a rig would be gross ill founded enthusiam. Basically leave drilling to drilling subcontractors. A small start up oil company owning a rig? Some bad advice given there. I'd hope the purchase involved somebody getting a kickback and not incompetence.

Due diligence on a three cent stock?
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