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GorillaGorilla

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GorillaGorilla

Re: PB78 post# 710

Friday, 03/26/2010 11:54:17 AM

Friday, March 26, 2010 11:54:17 AM

Post# of 1839
Just about to point this line out

The value of this contract with PTR will be contingent upon the drilling depth of each of the 30 wells.

http://finance.yahoo.com/news/China-North-East-Petroleum-prnews-3034265632.html?x=0&.v=10

So, it looks the the negotiation with PTR is for depth... so depth should be a proxy to revenue / income.

rich
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