Hello diy_investor,
I thought the same thing. How can you borrow that much. Well, its not new if you buy property with proven reserves and production. They will value assets and loan against that. I think they may be working something quitely in regards to Wyoming. I find it fascinating that nothing has been said. I'm optimistic its for good reason. Any day now we should hear if they get the loan or not.
Oil seems to be bottoming out...traders covering shorts...with all this fear I think oil will slowly recover to a world-required level.
good luck all...maybe, just maybe our time is near.
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