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carolinacoast

06/26/12 12:22 AM

#44405 RE: Lochan #44399

Yes! If they put together a string of PR's that show they are reaching some milestones. Drilling, boed, production, revenue stream, some mining time table items completed. Remember PCFG and the hype to production? This can benefit the same. On the oil side who knows. But oil should go back up if governments allow it. The Saudis are doing an injustice to those who thrive at $100 a barrel. If $80 barrel doesn't stimulate economies while penalizing Iran, the Saudis should let oil swing back up. It would be much smarter on their part. BTW, oil at 100 isn't the issue. It's indecision and lack of confidence. The EU needs to move quickly and Obama / Bernanke do as well. Companies drilling holes across America can benefit as well. EXTO can be one of many, if they aren't spewing fluff and are serious. States that have engaged in oil production deserve something. And currently oil and gas is being drilled all over America.