InvestorsHub Logo
icon url

Vance

11/13/09 10:17 AM

#695 RE: VISION #693

Well, for starters:

http://huntglobalresources.com/

The company commissioned Cushman & Wakefield to provide an appraisal for its “going concern value” of the sand & gravel mining lease; the value was subsequently determined as two hundred ten million dollars ($210,000,000).

http://huntglobalresources.com/?q=node/10

Hunt Global Resources is a partner in Reserve Oil Technologies, formed in early 2009 to take advantage of a business opportunity to acquire a potentially lucrative oil lease at an attractive price. The company now currently owns the lease on 88 wells (each fifteen years old) and 70 Production Un-Developed (“PUD”) sites for new drilling, located in the Bateman Field in Caldwell and Bastrop Counties, between Houston and San Antonio. This field is 1,212 contiguous acres and is has a shallow field depth of 2,400 to 2,600 feet. Under standard calculations, the total probable barrels of oil is between 1,500,000 and 2,000,000.
icon url

vegaseagle

11/13/09 10:18 AM

#696 RE: VISION #693

I believe it will hit around where is was later this year or more, I hope!