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Re: bigbadjohn post# 14514

Tuesday, 06/08/2010 9:42:10 AM

Tuesday, June 08, 2010 9:42:10 AM

Post# of 23633
bigbadjohn...this was taken from a PR a couple of weeks ago. Detailed updates coming soon.

The Concord Dome is a reference to an area of about 160 acres in Anderson County, Texas with 18 leases housing a number of existing and currently producing oil wells. Third party reports estimate the long term potential of the existing wells on Concord Dome to yield over 1 million barrels of oil. Surrounding the Concord Dome is a vast area of land in the hundreds of acres which may be available for acquisition by OMDA, and is projected to have as abundant an oil supply as Concord Dome itself.

Accurate revenue projections data is still being compiled but preliminary estimates at current oil prices could place OMDA's revenue share over time in the tens of millions of dollars. The company will provide a more detailed breakdown as those reports come in.
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