CoreStream Energy, Inc. (fka ZLUS)

[andrewjoseph]

Since ZLUS only has working interest in the well, it would be unlikely that they would be given the opportunity to buy in the exact same interest in the next wells targeting the same ground reserves.

The overriding royalty and royalty interest holders usually have more of an option to purchase more interest if they choose. This depends on the situation and particular well. If the area was producing 100 bbpd then ZLUS or the landowners would edge the shareholders out bit by bit.

The odds of drilling 60 wells and hitting them all are astronomical. You also have to pay for each well, this comes out of the existing well proceeds. Average time to pay off a well in that area is 9 months to 18 months. Calling 50 barrels a day a low guess is poor projecting. 100 barrels is just silly for the area. These numbers are way out of line.

I dont feel like you have done any DD at all, since these numbers are purely guesses thrown together at random, with some numbers injected into them. They are misleading to people not knowledgeable in oil operations.

I am excited to see the percentage ZLUS has in the well and what it produces per day. I will gladly apologize for my low projections that it will produce 18-26 bbpd and ZLUS will own less than 60%.

Until the company gives us the numbers then we will just have to argue and guess, which is part of the fun of penny stock speculating. My chart says sell. Look for re-entry at .0028 plus or minus .0002.