Replies to post #29809 on Native American Energy Group Inc. (fka NAGP)

[JETSET]

to 'Rhubarb' - - You could call 50 + barrels/day

that Native American is currently pumping a relatively small amount of oil if you are comparing to for instance a bakken well that might being doing hundreds, but in some other oil & gas companies that I've read about located in other states, they might have many wells producing only 2 or 3 barrels each, so it could take 20 or thirty of those wells to get the same result as NAEG is from just one or two wells. So in that respect a 50 barrel a day well that was enhanced by NAGP is very desirable. It shows that they know what they are doing, IMO.

And in addition, you are just guessing about revenues from NAEG's 2 wells that are currently producing, whereras, you can bet your boots that the analyst, who is Ian Gilson, who performed the Zacks Small-Cap Research coverage on Native, specifically identified if the wells were located outside the reservation and owned by a regular tribal land owner, rather than by the tribe. Obviously it is an important distinction to determine revenues.

[onemaninnj]

Rhubarb remember they were kicked of tribal lands at Fort Peck so these wells are not on Native americans soils, or at least thats what I take of it.