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JLPTNG

04/15/11 2:16 PM

#5626 RE: Willy #5625

What your also forgetting is that 24 barrel/day is just a start - I suspect it will be higher than this as they get more efficient. Plus, what company would not run a production Well for 365 days a year? I would even run it 366 days in a leap year. As far as reserves, I think it would be many years of production - would not make sense to spend the capital to open a well for 1 year lol - CAVR is a solid company with huge upside potential.

Enertec

04/15/11 2:31 PM

#5628 RE: Willy #5625

Thank You!..We still don't know if the chemical stimulus will add to the projected production, or if it will hinder it. We can never know the price of oil at any given future. We can't depend on a stable market. Welcome to the oil business! If someone, anyone for that matter, would have asked me to invest in tight shale 25 years ago I would have laughed! My Grandfather used to drive into my head "The dumbest man in the world can find an oil well....but the smartest man in the world, can't make one!" It took allot of history to fully understand his quote...now I do! Please give KGEM a break, he as I, and hopefully you, were excited to read the new PR. He gave quick math in the excitement of it. I too have been guilty of declaring the best case scenario, and using the same math! I think most, including myself, took it as an exciting time to one who has put great effort into the catalyst of this board! I for one appreciate his efforts and can more than excuse our difference's without criticism, or expectation. Thanks for all post's! Opinions are what keeps us strong! Keep Well!
Enertec