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TRAPPER JIM

06/10/12 2:55 PM

#10944 RE: TRAPPER JIM #10943

http://www.glossary.oilfield.slb.com/Display.cfm?Term=disposal%20well
disposal well

A well, often a depleted oil or gas well, into which waste fluids can be injected for safe disposal. Disposal wells typically are subject to regulatory requirements to avoid the contamination of freshwater aquifers.
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Ecomike

06/10/12 3:27 PM

#10948 RE: TRAPPER JIM #10943

I don't know if you know Screaming Eagle or WildCatDriller, I got the impression from an earlier post you might be close to the O&G stock area, from something some one said to you, and from you posted plan to dig into permits.....and might know them, at least casually...

SE did all the DD about 18 + months ago, and posted the results here in summaries. IIRC WDC has actually been on the property.

If you find anything new we would love to hear it, but I think this one has been DD'ed to death several times. Everything is in a holding pattern until the CEO agrees to a JV or outright sale, in such a way that he gives up control. And the only JV deals he has landed with out giving up control the last 6 years have turned into a bloody legal and financial mess, or just failed to materialize.

Add to this the fact that he is very old, has a loooong history of dilution, in many, many past public companies he controlled, and he is a control freak, and you have the entire historical picture.