Domestic Energy Corp (DMEC)

[PENNY PIRATE]

chacmool) Correct! The 30% has been retained($60,000,000, maybe more in potential reserves). The 70% represents cash minus the expense to recover the resources(depending on the type of deal). We are on the same page so far. What needs to be considered is...the new drilling/fracturing techniques and the costs involved. Horizontal drilling could multiply reserves on proven wells many times over IMO and others, it will depend on location. That's why I mentioned news/filing to be able to calculate potential with more accuracy. I see the same numbers you do! After seeing $200,000,000 in resource reserves, I see ASSET$! Something we have not seen from Domestic Energy yet, only Westmont(because the lack of filing). I don't see a negative in Westmont's news for Domestic Energy Corp, if you catch my drift, it appears to be positive information so far(just not from our Domestic Energy yet)! I also like the fact that Domestic Energy retained 30%, it tells me they are not ready to walk away from the Chatanooga Shale play altogether. There may be more wells to be acquired down south IMO. This is getting interesting for me, I see movement in the right direction, but it's just the beginning IMO!