InvestorsHub Logo
icon url

integral

06/22/11 11:43 AM

#24557 RE: jbsliverer #24556

jb, the problem with your statement is that you give too much credit to the posters like BB. BB made it clear that the $17,465 is the value of the lease. He did refer me back to the statements.

As per his request, I went back to the statement and the asset and accompanying liability is titled "defered work over costs"

Additionally, there is nothing in the financial statements that state that anything has been converted.

The value of the lease is not yet booked. This entry is purely the cost associated of the 25% of the workover by BNPD to get 1 or 4 wells re worked. Clearly they did not identify if $17,465 is for 1 or more of the 4 wells.



icon url

matoutus

06/22/11 11:46 AM

#24558 RE: jbsliverer #24556

The Ceo stated in a pr that he would sell enough to raise 23k to pay for the uplisting ...that would be about 2m shares when factoring in the mm commission .....the same 2m increase shown in yesterday's filings ...not really a big deal unless one has other motives
icon url

nasdaqreader

06/22/11 11:58 AM

#24559 RE: jbsliverer #24556

Check out the forward looking statement by the company CPA on OTCmarkets, under quarterly reports and or additional information. Looks like GAAP Material to me. Check out The Ceo resume also on there web site. Being educated of whom is behind this company is always helpful in making accurate statements.
A very predominate Oil Man.