I've never disputed the wells drilled by Xite on land owned by a third party in PA with financing from a privately owned LLC. WOGI filings, to the extent they can be believed, indicated the money for drilling came from a company redundantly named Benchmark Standard, LLC, registered in PA and still active. Maybe they are hoping to recoup the money sunk into that investment ... someday.
That may take a while. Initial - and only - output from the wells according to PA DEP is - as I have repeatedly stated here, HELLO! - a whopping 106 barrels. (BTW, if WOGI got any moola from the sale of those barrels where did WOGI include this revenue in their financial statements?)
However, this I believe is correct: WOGI "owns a small state in these oil wells." Assuming you meant "stake," it is small, certainly to the point of no way can a business survive on receipts from the wells, as was revealed in the contracts posted an ice age ago in OTCM filings.
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