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tradersrule

02/24/11 1:17 PM

#26346 RE: Ace Trader #26345

TA is my area...not so much the fundamental oil bizz.....but can't a well pull in a least a billion dollars? And ZLUS would get 4%? Not too shabby I say. Thoughts anyone? ....rule
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andrewjoseph

02/24/11 1:29 PM

#26350 RE: Ace Trader #26345

Is it 4 percent or 9 percent?

I have been saying 9 percent. I have 4 percent or more WI in a dozen Wells. I have never spent more than 12k on 4 percent. These Wells produvlce from 12 bopd to 30. If you are buying stock here to get oil you are shortchanging yourself.