I hope everyone is ready for a big sell off tomorrow if no PR is released before close, which for the short term investor may suck. But those of us that are patient can gobble up alot of shares on the cheap.
Yes, that was the Idea I have about 500 acres that has never been drilled before it would be a wildcat. I didn't mention that though. I have a driller interested but the hole will be about $70,000.00 dollars Im sure I will hit gas but not sure about oil production. I will have to go down to hit a good resevoir about 2000 ft. The gas I am trying to market now to two towns and residents in the area which would help offset the cost of production. If you think of say just one home using the gas at a burn rate of say a even just 1000.00 per year that would be 70 years minimum to amortize the cost so that is why you have to market both the gas and oil and the same with coal or any type of energy.
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