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Wednesday, 10/20/2010 5:26:08 PM

Wednesday, October 20, 2010 5:26:08 PM

Post# of 6482
We find this in the PR about the UCHB oil wells: "Oil Wells - The producing wells collectively are producing 6-10 barrels a day. In today’s market it makes them cost effective to run and operate. The well that is being drilled currently is getting ready to go on line. The well appears to have production potential in the range of 20 to 30 barrels a day however, actual volumes cannot be defined until the well is pumping online. The driller did verify oil in 2-3 pay zones and is optimistic about other new wells on the 400 acre lease. With today’s oil prices this could be a very profitable oil well along with the potential of several offset wells in the future and the possibility of up to 20 wells on this lease."

But then we have this from the NY Times article;
"In Illinois, there are no active drilling permits for either the UC Hub Group or the Illinois-based drilling company that it described as its partner, according to a spokeswoman for the Illinois Department of Natural Resources."

Where is the PROOF that UCHB has what they claim. Maybe the SEC and the FBI need to dig deeper into this UCHB SCAM!

“There are three kinds of men. The ones that learn by readin’. The few who learn by observation. The rest of them have to pee on the electric fence for themselves.” –Will Rogers

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