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Re: carl2591 post# 258

Tuesday, 06/01/2010 11:44:21 PM

Tuesday, June 01, 2010 11:44:21 PM

Post# of 6903
Did you people read the recent SEC reports, the complete reports?

I will sum it for you. They drilled one hole, found gas, and sold an area of land rights at that depth where that well was drilled, based on that one hole in the ground, for 28 million in cash. They are now spending half that cash on the next well, in another equally promising area where they have sizeable acreage rights. That leaves them half the cash in the bank.

That stuff you posted is typical legal boiler plate, especially in penny stocks, that you will find in most reports. If you want security, like an income producing blue chip with low risk, try buying BP stock right now, that should be a real secure winner in a few months when they file for bankruptcy, LOL.

My point is even a BP stock is risky.

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