Replies to post #2583 on Verde Science Inc. (VRCI)

[Tom Orrow]

The Elk Hills holes are shallow and about $600k each so they're not going to need $100M to go forward with that part of the project.

I agree that it would be bad news if the first Kettleman well had to be abandoned, but there would still be the strong possibility of a hit at Elk Hills that could finance continued exploration at Kettleman.

Seems to me Kettleman is the short term potential, but there's still long term in Elk Hills and there appears to be enough free capital to exploit.

That said -- do you know what the technical difficulties were in the 1950's that forced Shell to abandon drilling Middle Dome?

[-Awaken-]

Sure, it has nothing to do with Vince Ramirez having a more diligent approach. Funny, we talk about how important the first well is, then it begs the question why would it be such a rush to get done??? LOL. These deals only work when a new company raises 50-100mil in cash before drilling a hole, huh? ROFL. PLEASE provide one deal where such is the case because clearly it seems that there is a plethora of info available. Lol