Replies to post #4119 on Sylios Corp. (fka UNGS)

[RookieInvestor1]

I'm not quite sure how you say that the guy I spoke with said they were "leaving oil in the ground". They are indeed pumping it out, but they aren't using frac methods as of yet because frac methods can disrupt wells that are already producing.

I agree with you though on the past 10's. Their revenues are pretty tiny but I think that reflects more on the weak market for Natural Gas. The 24 wells they are working on in Kentucky sit on the Devonian Shale formation which is more of a crude oil type of formation.

Jim Kramer actually mentioned this formation this morning on Squack on the Street. My eyes popped when he did. Free PR on CNBC rocks...too bad he didn't name drop UNGS too