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buccaneer1961

01/07/11 8:42 PM

#19151 RE: patchman #19149

we dont need to explain that moot point! they have properties,struck oil,drilling more...what more do you want?we are mentally secure here AND SATISFIED!

$King

01/07/11 8:57 PM

#19155 RE: patchman #19149


in acquisition (process) of owning properties in Texas, Louisiana, Oklahoma and Mississippi.

FairwayKnight

01/07/11 9:18 PM

#19158 RE: patchman #19149

They are leases. They do not own the land. It takes very little capital to establish / maintain the drilling rights.

dannoninvest

01/07/11 9:30 PM

#19164 RE: patchman #19149

currently as recent as today from zlus pr sent via email, they state that zlus has shareholders and investors. whether it be a bank, mom and pop oil, or a loan shark. that is how they are funding their drilling and possinly leases. It should be clear as well that kepco is more than likely getting a percentage up front to do the drilling and a percentage or remaining difference after the results of the drilling.

novice12

01/07/11 9:34 PM

#19166 RE: patchman #19149

patchman I emailed Gary on Wednesday. Asked if corestream was diluting the share structure, and was assured they were not. I asked how is the drilling being funded. And was told there are other ways to fund than dilution. He said that a JV investor is the most popular way to fund a well.

art35

01/07/11 10:39 PM

#19233 RE: patchman #19149

You may have a point here--and since it is your point , why not take that on and let us know wht you find out---earn a merit badge or board mark--