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YankeMike

09/28/09 6:44 PM

#180750 RE: Oil head #180748

Oil Head: Please explain what you mean by "the full completion process starts which can take years". Are you referring to oil production?
Have you ever worked on a deepwater drilling rig?

The company may be years away from oil production, but not from having drilling results and proven reserves.

Mike
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Dadd

09/28/09 7:24 PM

#180757 RE: Oil head #180748

Actually, the weather is not bad there year-round. Check out the DD on the area and read up. BTW, years away does not mean much given that if the oil is there, and the demand is great (it is), then drilling/production could commence even sooner. Have to remember that this is not texas oil, and therefore the paperwork process is not as long you would think. Nigeria and Sao Tome both want production soon, especially Sao Tome.
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lovemelongtime

09/28/09 7:33 PM

#180759 RE: Oil head #180748

I guess then that I'll sell you all the shares that I collected the last 6 yrs. for .6990, why should I wait YEARS for the results to come in, right OIL head.
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YankeMike

09/28/09 9:23 PM

#180765 RE: Oil head #180748

Oil Head: What do you think would be a good porosity?
Mike