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Re: killabeej post# 2680

Friday, 03/23/2012 11:08:41 AM

Friday, March 23, 2012 11:08:41 AM

Post# of 42940
Have you seen the most recent RainChief PR Release...If not then here is a snip bit:

Recent Permian Basin region deals include the following:
Midland's Concho Resources (NYSE: CXO) announced in it would pay $225 million to private sellers for a stake in Permian properties [Nov 2011]. Approx current share price $102.00.

Houston's Linn Energy (NASDAQ: LINE) announced it would acquire certain oil and natural gas properties in the Permian and Anadarko basins for $155 million [Dec 2011]. Approx current share price $38.00

Houston's Vanguard Natural Resources (NYSE: VNR) announced it had closed a $55 million deal to buy certain producing oil and natural gas properties in the Permian Basin from private sellers [Feb 2012].Approx current share price $28.00.

Denver-based Berry Petroleum Co. (NYSE: BRY) announced it will buy Permian Basin oil properties in the Wolfberry trend from a private seller for $126 million [March 2012]. Approx current share price $51.00[2].

[url]www.prnewswire.com/news-releases/estimated-2-trillion-oil-production-from-permian-basin-143303756.html
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*Also if you read the first part of what I wrote I mentioned that I would follow up with detailed break downs and evidence soon. I'm just providing you with the thesis on how I started down this rabbit hole