InvestorsHub Logo

crossbow

01/31/10 5:58 PM

#199 RE: redwing992006 #198

Yes, it's TRGL. That was from a newsletter trying to get new subscribers to buy their service. He made it sound so simple. But, TRGL did, very quietly, explore the Paris Oil Basin over a period of several years, and with French Government approval, bought the rights to most of the crude oil there and also the shale deposits. They have the unique equipment, and having worked in the US with oil shale deposits, they also know how to get oil out of the shale.

They did move their HQ to Paris from Dallas and hired a number of French oil people to be on their board. They needed some French influence in the company. It looks very good right now. But, like all stocks, TRGL is still a bit risky. So is money in the bank!
I like it and think that they might soon get a buyout offer from BP or another large oil company, since they don't have the funds to do all the drilling.