Ronald....
First we are Diamond A Energy NOT anyone affiliated to the z1.
anything we do concerning the z1 wekk is a favor for our friends still invested in it. the reason we do this is because we were investors in some of the Companies and TIRED of the relentless delays, excuses, whatever you wish to call them.
ALONG the way we discovered a much more dynamic way to invest in oil and gas....imo...
Why own stock in oil and gas comapnies? When you can own a working interest!
... and enjoy the US tax benefits which are outstanding.....a successful well can produce for many, many years with 15% of profits starting in the second year as tax free! a dry hole is totally a write off of the investment..against ordinary income in the year the well is drilled.
A producing well not only the tax free benefit but also the total investment is written off also!...DYNAMIC....imo...
THIS IS US TAX CODE...confirm with your professional.
now to answer you......
yes, and also as to yvislandgirl also we ARE careful our legal peruses everything we put out.(islandgirl, not you, but what jason said to you)
How much more SPECIFIC can we get Ronald?
They pr a new seperator...we give photo's.. they have had one on.
We show the actual meter readings in our photo's...
READ the posts here if you want and make your OWN decisions it is a TOTAL package...
Ron we cannot come out and say what MAY happen....
they MAY be able to clean out the Mississippi and get the oil if any......MAY
we only report there will.....be a delay..there are no flows to report when we updated.
They say the weather was impeding access to the well awhile back. we posted photo's...no comment make your OWN conclusions....
and this arrives as to why we have OUR forum HERE where all are welcome without the input from bashers....who laughably use our info from here..(first to "scoop") and use it on other boards....this is why recently i have posted what is going on in the TRADING..only facts DRAW your own conclusions...
When we first posted photo's of the z1 as a favor, we took heat.....only because we used our site (with no links to our site) which is STILL under construction....and many on the other "BOARDS" got vindictive......BS..here we don't need to put up with that BS. all questions are welcome without fear of the basher crap.
we have reported ONLY facts....
the z1 was a good well....
even gave original pressures....
what exactlly happened with the frac.... even the number of bags and what company did it..specific enough?..lol
THEN they frac'd it and now it is ....where it is.
IF we were to say oh it ain't got nothin....and then it cleaned out..what would everyone think?
there is a chance.....and maybe they can even go after the primary zone (the conglomerate bend} if the Mississippi doesn't work out.......
BUT we do know what's going on top of the ground....
and yvislandgirl you could ask JASON where exactly is this H2 well they used in the early prs....? (we can't find it).
Ask Jason what this great event in AUGUST was he told many on the phone to watch for? August come and went...only his resignation from fgd..what was he PROMISING us?
Why did the last pr state they had a new separator when they already had/have one?......remember our 8/17 photo's?
did they install another???
so are people starting to get the specific's??the drift??
We hope all investors good luck.
they all have the option of not viewing this site.
in the meantime...we are CAREFUL......
from our presentaion of Diamond A on the web...to facts..
all documented, and collaborated with many of the players; from the gas Companies, drillers, and suppliers...when it comes to the z1.
Personally we have extended a level of professionalism that needs to be "carefully" reciprocated.
photonwav
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