OK Green Man. Her's some more laughs for you
This is all In My Opinion.
Here's what I think A gyp is up to. I don't think it is the standard pink O&G scam. I think they really want to produce oil.
But they needed money, so they went public. They raised money. OK. so far. Here's the rub.
The depleted , abandoned welsl, they gained the right to work on will almost surely never produce more than 5 to 10 bbls/day.
I say that because they were abandoned! A gyp PRs a lot about fracking, horizontal drilling and other means of enhanced recovery---BUT. They have never claimed to be using enhanced recovery.
They did mention acidizing a well. Wells are usually acidized because the inflow holes in the production tubing have rusted up and closed. Acid removes the rust. This not enhanced recovery.
If these wells were capable of producing, say 200 bbs/ day, they would never have been abandoned
In picked 200 because an enthusiastic poster predicted that. I can't see them producing 20-50 Bbbls/ day. My opinion.
With crude in the $100 range, the Boz may do alright. But Dolar Land for shareholders, is somewhere over the rainbow.
Again, IMO
Enjoy your giggles, Green Man. You inspired me to make this post.
B2B
The Boyz decided to go into the oil biz, but they needed someseed money
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