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buccaneer1961

01/17/11 10:26 AM

#21684 RE: andrewjoseph #21681

if it wasnt a good moneymaker thet wouldnt get into this business,the oil buyers usually transport it,its done that way here,zlus should be making at least 50-60 barrels per day,those wells usually take 12 mos to get your investment back,thats a sound deal in those areas
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buccaneer1961

01/17/11 10:31 AM

#21685 RE: andrewjoseph #21681



look at this potential!!! id be a fool to think i need to PROVE ANYTHING that we have or dont have a good producer...info on our lease we are waiting to drill!.... Since its discovery in the late 1930’s, Catahoula Lake has produced over 20
million barrels of oil from various sands in theWilcox formation.
Wells are typically long life with the average successful well producing for over
20 years.
 Historical data shows an average recovery rate of 47 Barrels of Oil per Day
(BOPD) for a well that is brought online and into production.
Cumulative production totals can be as high as 250,000 barrels for successful
wells
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ustaandre10

01/17/11 12:07 PM

#21688 RE: andrewjoseph #21681

Andrew, are you for or against this stock? I am not sure what position you are taking since this last post and your post on Friday stating that the found oil and to load the boat.

Please clarify your opinion on ZLUS please.

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UpAndGreen

01/17/11 12:57 PM

#21689 RE: andrewjoseph #21681

about 15 BOPD to break even is my understanding
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fink

01/17/11 5:17 PM

#21696 RE: andrewjoseph #21681

Yea I'm down South. 100achers in Missip. tree land but if some Oil can comes along and wants to pay me to lease it and punch holes, its all theirs. I have a great Uncle that lives a bit North of that spot that hit a massive pocket of Nat Gas. Its not the Mother load as Alaska, but its there. Good money to have. Just west is the largest pocket of gas and The mouth of Mobile bay has a knocker load being pumped. We are the Saudia Arabia of Nat gas. Wish we used more of it, but the infrastructure sucks.

OT