Replies to post #17319 on Superior Oil &Gas Company (fka SIOR)

[geopressure]

Rayovac, what SE did for the company was great!!! No one is doubting that...

All I am saying is that now that SIOR has more operating cash, it is time for the PA Investors to go...

It is time for SIOR to claim 25% of the wells instead of 11% to SIOR & 14% to PA Investors...

SE did a great job & everyone appreciates it, but it is time for him & his PA Investors to move on... I think that everyone sees the logic in that... Why allow these rich PA guys to continue syphoning off 56% of SIOR's future revenues?

[geopressure]

What don't you understand about No risk to Superior?

I understand what is going on well...

The Oil in gas industry has historically shown a 1 out of 7 chance of success (per wildcat well)... Tranditionally, it is a risky business, that cannot be argued. However, in about 2005 Mr. Mitchell figured out how to horizontally drill & fracture the Barnett Shale to yield a whole new side to the oil & gas industry. One where the the risk is virtually nonexistent after a given play has been proven...

In SIOR's case, the first round of drilling (one well per section to hold the leases by production) was risky, as no one knew how many naturally occurring fracture systems were in place to be drained. Now that those wells have 'proven' or not proven in a given section, future drilling efforts are virtually devoid of risks...

SIOR no longer needs people to shoulder the risk for them... The risk is now a thing of the past...

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So, SIOR does not need the PA investors to shoulder the risk because there is no risk...

& SIOR does not need PA Investors to take 1/2 of SIOR's future revenues because SIOR now has cash flow & can find better means of acquiring capital than by having to sell over half of their production rights to rich guys from PA.