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Re: pumper_stumper post# 29821

Thursday, 09/01/2011 2:55:34 PM

Thursday, September 01, 2011 2:55:34 PM

Post# of 37472
Not only the ticker change hype BS, if anyone did just an ounce of DD on the supposed wells and "working interest" lease that just was sold from themselves (Gouger and son) to themselves (BNPD), it would expose their pinky arses for what they are. Facts are that these wells are just dying "stripper wells" or "marginal wells" that can only produce a few barrels a day at best on a very intermittent basis and the baseless claims of the amount of oil that could or are being produced from the wells is total BS and a scam.

The process of cleaning that they describe in the PR's are only basic maintenance and constant requirement of these stripper wells and the cost to produce the minimal oil production has problems with exceeding the "economic limit" (see http://en.wikipedia.org/wiki/Oil_well) and the EROEI has become unprofitable for any real oil company (why the pinky shell attempt so that shareholders can pay Gouger and son to sit there on the depleted reserves).

Facts, figures, and links are provided in the Ibox in which anyone can do just a little DD for confirmation of these things, but the main thing is that all the hype is gone and the stock just sits here with no momo and the problems of the shell transfer are just soaking in their own spit to fester even worse.