InvestorsHub Logo

Cowboy

12/12/05 11:46 AM

#6651 RE: PowerPole #6648

PP Paul is very busy today but took my call because the other management person I normally talk to was not in the office. I actually asked that question twice and he got a little irritated with me doing so and said so...lol.

Anyway ya gotta be sure.

I also talked to the other person and he got confirmation on the numbers again this morning. He was told between 13 and 16,000 bbls per day on the adjacent property and when they put out the PR it was decided to use a number in between which just happened to be 15,000 bbls per day as a good round number.

Getting back to the conversation I had with Paul. He said they are working on many things that are going to bring more value to the bottom line and they will be doing everything they have mentioned and more. It ain't stopping anytime soon...

Like I said in a post earlier about new wells. Most states do not allow you to mention oil production figures on wells for at least the first 30 days because production changes from the first day to the first week and weeks after. So until a flow rate is established it cannot be used by the company owning the well for that period of time as is governed by that state.