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Ecomike

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Ecomike

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Re: shaleonyou post# 4530

Thursday, 09/01/2011 3:32:41 PM

Thursday, September 01, 2011 3:32:41 PM

Post# of 6903
It was my understanding about 7-10 days ago (from Gerry) that once the well is in production, Guggenheim can JV and finance expansion based on proven reserves. The hang up here is the reserves are not yet proven (producing). Guggenheim is already an 8% partner on the current well. They have very deep pockets!

Ambition with out knowledge is like ship in dry dock. Going nowhere fast!

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