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Sunday, February 05, 2012 8:29:46 PM
Per Crude's post of producing wells, I note three wells account for 554 BBls/mo. That's 7% 0f the wells producing 71% of the oil. Or 93% of the wells produce 29% of the oil averaging less than .18 BBLS/day. Is it any wonder our lifting costs are $150/BBL??? Shut em down, except for the three, and fire everybody but a grunt. Should be able to net $35K per month. That would make the company worth about $.0004/share.
What happened to 8BD.F? No trades in 2 months????
What a fraud......
I have no humble opinions, but I do have opinions and those are what I express in my posts. BUT...I have been wrong before and likely will be wrong again so do your own research and don't blame me if you are too lazy to do so.
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