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texas tom

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texas tom

Re: coyotesaz post# 10384

Thursday, 03/18/2010 7:33:37 AM

Thursday, March 18, 2010 7:33:37 AM

Post# of 14712
The money from the dilution of BGOI stock may be going into further drilling of horizontal wells on the Apclark field. Or to acquire nearby leases. each new well should cost at least $200,000. BGOI doesn't have much capital to work with. The only way they can raise capital is to dilute the stock.
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