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Thursday, May 10, 2012 3:25:58 PM
~FOGC $7,000,000 million annually from Cressent Energy's completion of an all-cash basis acquisition
of an oil well with solid production capabilities. Cressent anticipates producing up to 200 barrels of oil a
day by the end of 2011 after reopening almost three dozen Texas oil wells. With oil prices currently
hovering around $100 per barrel and expected to rise, FOGC is looking at pumping approximately
$20,000 worth of oil to the surface each day. That translates to over $7 million annually if all
developments proceed as anticipated by Cressent Management.
http://www.cressentenergy.com/
http://www.fortuneoilandgascorp.com/
http://minfile.gov.bc.ca/Summary.aspx?minfilno=082KSW100
http://minfile.gov.bc.ca/Summary.aspx?minfilno=082KSW101
http://minfile.gov.bc.ca/Summary.aspx?minfilno=082KSW047
of an oil well with solid production capabilities. Cressent anticipates producing up to 200 barrels of oil a
day by the end of 2011 after reopening almost three dozen Texas oil wells. With oil prices currently
hovering around $100 per barrel and expected to rise, FOGC is looking at pumping approximately
$20,000 worth of oil to the surface each day. That translates to over $7 million annually if all
developments proceed as anticipated by Cressent Management.
http://www.cressentenergy.com/
http://www.fortuneoilandgascorp.com/
http://minfile.gov.bc.ca/Summary.aspx?minfilno=082KSW100
http://minfile.gov.bc.ca/Summary.aspx?minfilno=082KSW101
http://minfile.gov.bc.ca/Summary.aspx?minfilno=082KSW047
My opinions and comments are just that. They are not a recommendation to either buy or sell any security.
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