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Re: rubs1 post# 44360

Sunday, 06/24/2012 2:09:56 PM

Sunday, June 24, 2012 2:09:56 PM

Post# of 112299
The financial report for the first quarter of 2012 showed no revenues and expenses of $413 for a net loss of $413. The ending cash balance was $492. With the second quarter coming to a close, they should be able to report during the CC whether or not they have had any revenues this quarter. I would be surprise to hear that they have.

If the first well is producing, perhaps they will tell us how many barrels per day. We also want them to give us an idea as to when the second and third wells will be reworked and whether they expect production at all three wells to be about the same.