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Re: pro-trader post# 14024

Wednesday, 05/11/2011 12:00:51 PM

Wednesday, May 11, 2011 12:00:51 PM

Post# of 38410
I'll add to that. Let's say they do need a considerable amount of money to get production going. Renfro Energy is a company with up to $50 million of annual revenue.

http://www.manta.com/c/mt1mfcw/petroleum-capital-lc

Also, don't forget the sale of the lease that resulted in a 10x profit from the initial investment. I'm assuming that this was done to raise money to get them running in the first few months.

http://www.renfroenergy.com/Oil_Gas_Properties_PAGE.htm