InvestorsHub Logo

MWM

06/20/08 10:51 PM

#12578 RE: maddog27 #12576

I'm hoping they got some decent cash from this deal, that will be the key to a successful future...

bonedaddy77

06/21/08 12:53 AM

#12579 RE: maddog27 #12576

Yes we still keep the equipment, buildings, rigs etc. Have plenty of wells to get restored and being that this is an old oil field...most drilling was only done until oil was found. They wanted to spend the least money to get the oil back in the day.

Well with $130 it would make sense to drill deeper to try and hit other pay zones.