Replies to post #13034 on OMDA Oil and Gas, Inc. (OOAG)

[rongarden]

I am not an oil expert but I know to drill a well to total depth can cost $100,000 to $1,000,000 each, that's if you get get a rig, even then there are no gurantees of commercial production. OMDA owns 160 approximately PRODUCING wells. What is the value of all of them to a major O&G player?

We have a bow on these bad boy wells, post audit and at $90 oil I bet OMDA receives a tender offer.