Replies to post #3177 on Rock Ridge Resources, Inc. (RRRI)

[Madhu]

Earlier today someone posted that they talked to Clayton and he would be posting the bill of sale of the current oil sales this weekend. Hopefully that will clear up some confusion.

[justfrank]

There shouldn't be any doubts if oil is being sold. The TX RRC shows what the projected output is for the Stanley wells on their web page. Those figures would not be included in the porduction figures for TX if it wasn't going to market. Someone can correct me if I'm wrong but I believe TX projects out what their anticipated oil and gas production is going to be for the month based off of the last 100 days of production to get a daily allowance figure and the extends out by how many days in the month.

Everyone also focuses on just the oil production which with stanley 1b in production could be closing in on the 100 bbl/day for all 3 wells. No one pays attention to the natural gas produced which the allowances for the Stanley wells is over 16,000 mcf for July. Natrual gas prices today were 7.89/mmbtu (1 mcf=1mmbtu) at that price and production it is $126,240, more than the oil being produced from the Stanley wells, 1085 bbls at 60.57/bbl or $65,718. Thats 200k per month from the Stanley unit.