Replies to post #10384 on Bonanza Oil & Gas, Inc.(fka BGOI)

[texas tom]

The money from the dilution of BGOI stock may be going into further drilling of horizontal wells on the Apclark field. Or to acquire nearby leases. each new well should cost at least $200,000. BGOI doesn't have much capital to work with. The only way they can raise capital is to dilute the stock.