Vita Mobile Systems Inc (VMSI)

[hellcatjr]

Updated DD on SOCU: Includes Char w/T.A.

Pending News:

1) Kentucky property has two wells that as of the start of Feb have begun to pump oil. A third well has been drilled as well. SOCU has stated that they will be using radial drilling and well enhancements to help increase the output and longevity of these wells.

The companies helping in this endeavor are:

WELL ENHANCEMENT SERVICE, LLC
http://www.encapgroup.com/cms/index.php?id=62

Radial Drilling Services, Inc.
http://www.radialdrilling.com/

These wells should be creating instant revenues, a ballpark round about answer in regards to the amount and value is shown below:

Each well is estimated to produce at a low end of fifty barrels a day. With treatment, the PR stated that this can be increased by three to ten times. We shall use these estimates to get an idea of the potential on this property alone. It should also be noted that this property is sitting on 450 Metric Tons of coal.

Using conservative numbers: Value Per well.

Current Brent Crude Oil Price: $116.35

50 barrels per day x $116.35 = $5,817.50 per day or $40,722.50 a week or $162,890.00 a month or $1,954,680.00 a year.

With all three wells running, that can generate on the low end roughly $5,864,040.00 a year.

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Using the three times amount:

150 barrels per day x $116.35 = $17,452.50 per day or $122,167.50 per week or $488,670 a month or $5,864,040 a year.

With all three wells running, that can generate roughly $17,592,120 a year.

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Using the ten times amount:

500 barrels per day x $116.35 = $58,175 per day or $407,225 per week or $1,628,900 a month or $19,546,800 a year.

With all three wells running, that can generate roughly $58,640,400 annually.

Just some number crunching to help those who’re still wondering what the hype over Kentucky is all about. I am excited to see this because it is instant revenues and all the more likely that this company will push to be fully reporting by spring into the summer time months…

With oil not getting any cheaper, any time soon. This will become a very hot play… Just on this property alone with the three wells running, on the conservative end we can see just under $6,000,000 a year and if the wells produce fruitfully for the year, we could easily hit just under $60,000,000 a year.

I would assume that the money from this endeavor will continue to push the ball forward on Coal to Liquid conversion…

Just some food for thought.