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Re: MWM post# 6171

Thursday, 06/07/2012 11:10:29 AM

Thursday, June 07, 2012 11:10:29 AM

Post# of 17809
USUALLY IN THIS MARKET PPS OF OIL CO ONLY GOES UP on production results . Here we have seen .03 recently. SIOR is IMO rather well known and has been around quite a while. Any drilling news I expect something like a double in a minute or less.I got most of my shares at .006. If you want you can wait for production and thus reduce your risk but your cost pps will greatly reduce your gains.Example look at DEJ 2 or 3 times the leases as SIOR and it sits at .24 some production and now set up to begin the next phase of drilling. It should be at $1 based on estimated reserves. But mostly in unproven plays. Even with that it has spiked on each news as high as .80. SIOR'S leases are all in a proven play and has wells with some production that with the new horizontals could be reworked to become very profitable.

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