Saturday, June 09, 2012 9:15:19 PM
173 dry wells, abandon wells, maybe you don't understand, to get the remaining oil out of the ground a very expensive set of new rigs must be purchased and the wells must be drilled deeper. The oil is there. (knock off 10%) The Co, does not own the land just a lease to exploit the oil. This Co has absolutely nothing to do that with. The speculation, hope, dreams, wishes of investors here the Co. Will partner/merge with a real oil Co. That's been going on for two years now. The proper way to hold your bag in Texas is in your left hand, be strong, weak hands are unacceptable, chin up, post defiantly several times a day, after a year or so, fade away.
These are stripper wells, that are ready to pump. They are not dry, they are not abandoned, they do not need drilling rigs, they do not need drilling, no one buys expensive drilling rigs to drill a well, they RENT them, (WOW) they do not have leases, EGOH owns the oil rights outright!!!!
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
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