~FOGC $7,000,000 million annually from Cressent Energy's completion of an all-cash basis acquisition of an oil well with solid production capabilities. Cressent anticipates producing up to 200 barrels of oil a day by the end of 2011 after reopening almost three dozen Texas oil wells. With oil prices currently hovering around $100 per barrel and expected to rise, FOGC is looking at pumping approximately $20,000 worth of oil to the surface each day. That translates to over $7 million annually if all developments proceed as anticipated by Cressent Management.
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