Replies to post #39688 on Moon Equity Holdings Corp (MONI)

[Maria56]

Just maybe they are providing VERIFIABLE DD to prove it is LEGIT!

Could be. If I was dumb enough to name my company "Benchmark Standard" - which is a bit like saying "sphere ball" - I might prefer video reports to written ones myself.

Still doesn't mean that WOGI shareholders will gain a thin dime from all this drilling and fracking.

Meanwhile, I'm trying to figure out how WOGI undertakes the drilling of 10 wells for $1.25 M when online estimates of the cost of a fracked well in the Marcellus shale run from $800K to $5M per well...

A typical vertical Marcellus Shale well can run a company 800,000 while a horizontal well will cost 3-5 million.  Horizontal wells usually take 30-45 days to complete.

http://www.marcellusshales.com/

A typical Marcellus shale gas well can easily run between $3.5 million to $5 million per well and this is often without including land lease costs, royalties, and debt carrying costs.

http://www.examiner.com/article/shale-gas-drilling-depths-argue-against-pennsylvania-s-marcellus