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localoil

08/09/07 10:07 PM

#8031 RE: localoil #8030

Because I don't have the time, I've asked a petroleum landman to pull the lien records in Caddo Parish to check Joe Lanza, Four Star, Petrol and Black Dragon.

I'll post exactly what I am given and you'll have the same info I pay to get. Perhaps that will assist in evaluating the probability of getting outside equity financing in the midst of a credit crunch. Could come up with a totally clean record.
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dragon man

08/10/07 10:40 AM

#8059 RE: localoil #8030

now if joe telling the true about ,think this is the hosston field, where joe said they get 4,000 barrols of oil a month with all water wells they drill going to get rid of salt water.that, then that may give them the cash flow to carry on. that was another lease that was bass or davis that came in around 100 barrel of oil a day. that good well. with those two properties on board, that great cash flow if that true from joe mounth. we all know joe, i was hoping that lou would tell us the true on what going on and if the numbers joe came up with were true or false. lou came under spell of joe ans told us how good joe was and i got sick. belive hosston was correct field.do not have infornation in front of me at this time. to many post to go back and look for it.
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Spunkyknight

08/10/07 12:56 PM

#8064 RE: localoil #8030

"The irony is that they should already be well over 20K BOPM, and should have had more than plenty to work with."

I am trying to understand why in one post you say the equivalent of not much money to be made ever in BDGR.

Then you turn around and say something like the above statement that is a direct quote from you.

20k BOPM sounds good to me. Sounds reasonable and like a money maker overall. It's a start.

If we have a verifiable 20k BOPD/month, the stock would be doing extremely well.

Match that with a "Lanza free" environment where the company buys back its stock and retires 50% of the float, and you have a winner!