Replies to post #148 on Breitling Energy Corp fka BECC

[Voices of Reason]

Wow - this company was just touting a few days ago (Jan. 14) that this North Edna prospect that they just received a permit to drill, had "potential gross reserves of 1 million barrels which, based upon today's prices, equates to a gross value of more than $93 million dollars." - yet a week later, the company explains that they were able to get a rig mobilized, set up, and completed operations after receiving their permit just a few days earlier and have determined that the well may in fact be non-commercial. Huh???!? How do you go from $93 million to zero in one week?