Replies to post #9326 on Friendly Energy Exploration (fka FEGR)

[Jerry70]

$ FEGR. THE BIGGEST OIL FIND EVER: "75 BILLIONS BARRELS OF IT!!!

The Jaw-Dropping Potential in This American Oil Patch Could Change the World:

http://www.fool.com/investing/general/2014/05/24/the-amount-of-oil-in-this-american-oil-patch-is-go.aspx

Bottom line, though, there is a monumental potential in the Permian Basin that has yet to be accessed. Pioneer, Devon, EOG, and Occidental all have fantastic operations in the region today.

Depending on how shale technology advances and the price of oil, these companies could be sitting on some of the most lucrative oil real estate in the world, which further solidifies their places among the best investments in the American shale boom today.

CRCL From the latest 10Q, page 18, "Oil & Gas Properties" Texas.



The Company owns a variety of non-operated working interests and overriding royalty interests in approximately 73 producing wells in Texas. The interests range from less than 1% up to approximately 5% in each well.

The wells are located in the following areas: Permian Basin, Eagle Ford Shale, Pearsall Field, Giddings Field & the Woodbine Field.

The wells are operated by Apache (Permian), Chesapeake (Eagle Ford Shale), CML (Giddings, Pearsall & Permian), Leexus (Giddings) and Woodbine Acquisitions (Woodbine). As of October 31, 2013, the Company had approximately 430 net leased acres in Texas.


GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ FEGR