On May 5, 2011 this stock went to $5.30 from .28.Then went back down This is strange-I wonder who buys this and how much to make it go up only to sell it.I live 20 minutes from the caddo oil and gas field and have done work up there.These wells are basicallly low producing ones owned by small buisness oil and gas men on those and then there is the Haynsville shale play that is new to this area and they are really putting out like 20,000mcf a day which a mcf is a thousand cubit foot and if you have a thousand mcf that is a million cubic foot or feet of gas.Some of the newer ones have been known to put out 40,000mcf but then after about 6 months they will level off to bout 10-15,000mcf a day.This company is running a stripper operation where they find and buy old wells then go in there with more funding than these guys that own them have and re-work the wells to bring up production.The salt water is the major expense on these old gas wells because it boggs down the wells production so they will shut in and soap the wells for a day or so and then the soap turns the water to foam which can overcome the gravity holding back the gas.also the will use a gas lift where they get a compressor to push a portion of the gas back under the casing to lift the majority gas up out of the well.I have never heard of this company before but they are relativly new to this field I believe.They also have dealings with jedi down in south east texas around Lufkin where the space shuttle crashed so I am goin to keep an eye on this company to see if they get in the Haynsville shale type of drilling and if they can (it is an expensive process)then they will definatley be making the momo after just 1 or 2 wells.
