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Wednesday, 06/30/2010 5:35:10 PM

Wednesday, June 30, 2010 5:35:10 PM

Post# of 23619
bdgr news about humble project, not sure if we have a direct stake in this

http://www.google.com/search?q=bdgr.pk&rls=com.microsoft:en-us&ie=UTF-8&oe=UTF-8&startIndex=&startPage=1

they are suggesting that in humble they will get nearly a 4000% increase in production from EOR (that is if you do the numbers

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51877541



point is that eor holds promise of on the order of 1000%'s of increase in production levels

Applying this to ooag @the concord dome in anderson county which is north of humble about 30-40 miles give or take a few--hence given a 7 year horizon for a full draw (by bdgr's numbers), we are looking at about 150,000 barrels per year or at 70 bucks a barrel or ten million bucks in revenue, if the expanded acrage adds a double to that then we get more like 30,000,000 a year in revenue, or 15 cents a share in revenue, note bdgr is running those numbers w/ EOR and only 4 wells

imho, based on what bdgr said, and we all know they not all that reliable, nonetheless, bodes very well for ooag and frankly makes me think that ooag is being conservative about their prospects

jmho as a possible speculation with ooag FWIW

-real