Replies to post #42550 on Worthington Energy, Inc. (fka WGASQ)

[Atlanta1]

if "we" means WGAS, then "we" are not drilling for oil.

"we" are not drilling for anything.

"we" do not have anywhere to drill, because "we" don't have any free and clear rights to any leases, and "we" don't have anything except a commitment letter/pre-approval that has been dangled as a lure for investors for a long time, and that most certainly has significant contingencies attached to it before "we" have access to any funds.

will "we" be able to survive long enough for the litigation to be finally resolved? who the heck knows? and not only do "we" need to survive long enough for the litigation to be resolved, but "we" need to hope and pray that it is resolved in "our" favor, or "we" are toast.

meanwhile, Toxic Charlie has an exit strategy, but the shareholders would be hung out to dry. I doubt he can raise any money through WGAS - too much debt and litigation baggage. he would be better off making a clean break and a new start. how many new corporations has Toxic Charlie formed in the last few months anyway, while he should have been taking care of WGAS business?

[Montana Wildhack]

Hopefully that "bunch" will be bigger and more lucrative than the highly touted, long-awaited "bunch" that the former CEO took with him when he left. Funny, how that "bunch" shrunk to worthless when it was no longer a useful, stock selling tool. Oh well (pun), on to the next stock selling tool.

[WildcatDriller]

Fracking does indeed take place in the GOM and shallow shelf waters and has always been used as much for oil as gas. I will also correct you.. Everyone is getting their pantys bunched up over less than 3/4 of a million barrels.. Thats not a lot of oil where I come from. I also would not believe the wild production figures thrown around. The well might be able to flow at that rate, but a reservoir engineer worth his salt will have that thing choked back as to not damage the reservoir from rapid loss of pressure. You do not allow small reservoirs to flow at high rates, as it will hamper your ultimate recoverable resources. I don't believe anything that these guys say.