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12/03/09 3:32 PM

#20152 RE: playegamke #20151

uh-huh. The odds say my gut will likely produce approx 8000 cubic meters of swamp gas in the next 20 years...good luck on recovering it for usage.

GSRE isn't really about stellar oil or gas production numbers...it's really all about enriching a very few at the expense of a great many thru share sales.

The only gas you'll see is whatever Tums misses.
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medchal

12/03/09 3:38 PM

#20154 RE: playegamke #20151

"GEOLOGICAL RESEARCH REVEALS THAT THE EBERLE #1 HAS RECOVERABLE OIL ESTIMATED AT 100,000 BBLS" No, that's a total misstatement, even in upper case letters. You'd better re-read the document.

"The Buda Zone and the Austin Chalk are two highly respected areas for high levels of production with records showing each zone having produced over 100,000 barrels of oil."

"I have come to the conclusion that the Buda Lime Formation has the greatest potential for oil production although documentation on production history is scarce."

I'd also recommend re-reading the comments on the wells in the area and the total production from some of them.