Replies to post #289 on Chancellor Group Inc (CHAG)

[mmayr]

Marty. . .

I would assume that would all depend on how deep they have to go to get to the oil. Some wells need only go a few thousand feet deep. . .while some may need to go a few miles deep! That makes a big difference. Everything is relevent in the oil business. The pressure under the well is also going to make a big difference on the volume the well will produce. It's quite the science. If your friend has done their homework, they should know to take a close look at the geological surveys of the property. . .or to speak with the chief geologist of the property they have invested in. Perhaps they already have? Anyway, no fast and steady answer to that question. Too many other variables to consider.

Keep us posted if you find anything out that can help us all understand the duration of time it takes to drill.

Peace,

M&M Man

[gjdeden]

Marty it all depends!
It depemds on the Geo studies that have been done. Some of the wellls that are drilled hit oil at say 1500 feet. This may be a slight anticline in the overall picture of what mother nature has shown, and provided. If the original Geo survey was to reach oil at the 5000 foot level because of a larger anticline, and larger pool of oil, this then becomes an area of serendipity. The unknown has occured. A big plus for the owner. All wells are similar, but not the same. Tell your friend to ask the company what is what. george