InvestorsHub Logo
Followers 25
Posts 415
Boards Moderated 0
Alias Born 12/15/2010

Re: None

Wednesday, 01/29/2014 5:04:13 AM

Wednesday, January 29, 2014 5:04:13 AM

Post# of 3604
If it wasn't clear before, it should be now. All they can do is guess at what this new well will or won't do prior to running it on , and pumping it for a 2 to 3 month period. Will it produce all oil, or oil with water. If it's all oil, great. Oil with water might be o.k. depending on production rates and % of water. It cost money to get rid of produce water. I hope it's mainly oil and all invested here make BIG BUCKS. Time will tell. One thing I will say, this family can find oil. They have in the past and will in the future, no doubt. Their expertise is finding oil and gas, not lease operations. Again, my best to COIL and all investors.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.