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Rapp

09/18/09 2:52 PM

#179834 RE: iwondertoo #179831

iwondertoo: That's fine with me. I would like to wait for as long as they want. What I believe is that there is plenty of oil in the locations they are drilling and I am very happy to wait for the final results to be published. Suits me just fine. Most of us have waited for years a little longer is no problem. To your question: No , I did not expect them to say they found oil, it was just my way of joking. Sorry you did not see the humor. I thank you for your answer and did not want to rub anyone wrong.

Best to you and thank you for the answer, I do appreciate your response.

Rapp jr


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vineseeker2

09/18/09 3:08 PM

#179835 RE: iwondertoo #179831

The little oil wells I invested in in Southern and western illinois were owned by a hand full of investors, on the first well there was a cluster of 1/64 owners where I lived. We were able to get a update on the well daily from the geologists report by phone. They were always telling us that the information was not complete, but we knew we had oil baring layers & about how much, but not if it would make a well.
It was not a publically traded stock & with a small number of investors you can make sure everyone hears the same info and at least partially understands it. The current operator does not want to be sued by investors who might trade on sketchy or missleading information.
I think the original report on OBO-1 said they "found hydrocarbons and recovered mineral and fluid samples that would be incorporated into the knowledge about the formation." Not exact words but close.