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crazyjogger925

09/26/13 1:13 PM

#18554 RE: doublej #18553

only a minimum # kinda like a disclaimer to play safe.it may end up producing far far higher we don't know?imo
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jorak

09/26/13 1:14 PM

#18555 RE: doublej #18553

That's 1 well of 30, possibly 45. The tip of the iceberg
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The Prophetic One

09/26/13 1:18 PM

#18556 RE: doublej #18553

Wouldn't it be funny if they came out with another PR correcting their typo and it was meant to say 10,000 barrels a year!

LMAO

XNRG would fly then!
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marco polo iii

09/26/13 1:34 PM

#18560 RE: doublej #18553

Then I guess you do not have to worry about it, it sounds like you are not an investor in XUn, which is fine. But when he open ups all the wells. Then its a different story.
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monocottura

09/26/13 1:48 PM

#18564 RE: doublej #18553

That's what most missed with the news. 3 barrels a day will not produce a profit. Leases with oil production microcaps generally have nothing to do with making money, but a lot to do with P.R. fodder in which to sell shares...the true source of real revenues for 99% of all micrcaps.
The news was very weak, with no update on when if ever they will start production.