Replies to post #4290 on Mondial Ventures Inc (MNVN)

[crude-dude]

I am very familiar with the Crawar prospect. The same PR has been going since November 27, 2000 except the CAPEX requirement has gone up. It may have made a little sense 15 years ago but not today. Chevron has a well originally drilled to the same depth just a few hundred feet from this lease and depleted nearly every zone up the hole. Also, If you do the math, this project has cost of $64 per barrel before any expense to lift it out of the ground or pay royalties.
Day late and a dollar short. They will make much more from selling common stock than oil; as they have over the years with this same project.

[back2basics]

Does this have a familiar ring?

Mondial Ventures, Inc. Announces Future Drilling Plans For New Wells On The J.B. Tubb Leasehold Estate In Ward County, Texas

" MNVN announced today future drilling plans for the first of at least three new well locations on the J.B. Tubb Leasehold Estate located in Ward County, Texas."

"The Company earlier announced plans to drill its first deep well are now being updated and expected to commence early this summer. Plans include first targeting the Ellenburger formation on the Company's J.B. Tubb Leasehold Estate at approximately 8,300'

" Mondial plans to drill up to three more wells on the South 40 location via its option rights Participation Agreement. First objective is to drill the Ellenburger well on the South 40, and Geologically updip location. The Crawar Field that the J.B. Tubb Leasehold Estate has multiple producing horizons. According to Geologists, the Ellenburger formation sits along a fault plane increasing viability noted below 6,200' and viable at approximately 8,300' -8,400' feet. The second and third target well locations are in the Waddel formation to 7,700-7,900' foot depth, and for the Wolfcamp formation at approximately 6,200' foot depth, respectively with additional CAPEX requirement of approximately 2.6 million.



http://ih.advfn.com/p.php?pid=nmona&article=57073345

Those quotes are from the Mondale PR of April 8, 2013. Almost word for word with the Boomerang PR.

Nothing ever came from the 2013 PR either. Wash, Rinse & Repeat.

B2B

[Arnold25764]

Rock bottom looks like.