InvestorsHub Logo
Followers 40
Posts 5535
Boards Moderated 0
Alias Born 08/19/2009

Re: None

Tuesday, 07/26/2011 8:21:30 PM

Tuesday, July 26, 2011 8:21:30 PM

Post# of 37479
BNPD (Gouger) is 25% "working interest" in lease paying the operator Tejones (Gouger). Shareholders of BNPD (no such thing as TXOM, just wishing and hoping at this point, which are not very good investment strategies) are paying Gouger (Tejones Operating Corp) whatever Gouger wants to pay himself.

Since Gouger (Tejones Operating Corp) hasn't been able to do much for years besides the same wells PR'd in the way of oil operations and these wells don't seem to put out much, are probably not very efficient when compared to the expense of operating to production of oil, and not have a whole lot of profit, it only seems fitting that he buys up some low end pinky shell and have shareholders pay for any operations.

Operations that he has been doing there already. Working, "re-working", whatever one might want to call it, he in fact has been there for some time verified by documents and reports.

In this business, one can call every day going back in and beginning to re-work the wells. Looks like just procedures of the industry, nothing spectacular thats for sure. And these wells seems like such small puddles of oil in comparison. On a thirty day basis, average barrels per day for the last report was only a few barrels per day.

I know oil prices are up, but I just don't think thats going to cut it for the amount of "working" the wells it's going to take to get the last of the puddles out. If it did, Tejones wouldn't need to work with a pinky shell, he would just go and make some money with the oil. But share selling a pinky shell is a lot less work and a lot easier and more profitable I guess.

Production reports, when Tom Gouger as Tejones Operating Corp has been working or "re-working" the wells, any lack of proper permits, etc can be and have been verified by may "eyes" witnessing and can be further documented here:

http://www.rrc.state.tx.us/data/online/index.php#