RE:***Detailed Research*** Petro One Energygksrcn6 .. you lack credibility.
You sound like another pumper that infests stockhouse.
What about the other 6 wells that were dry?
Stop bull...sh tting investors
Detailed research... my a...ss
I sure hope your not Jeff. During its financial year ended April 30, 2013, the Company produced a total of 3,764.6 bbl of oil from five oil
wells in its 100% owned Milton Viking oil field. Total oil production from all of the Company’s wells between
October 27, 2011 and October 31, 2013 was 13,911 bbl generating gross revenues of $1,162,121(the latest
available information to the Company). In the second quarter 2014, two 100% owned Milton wells (10A-15 and
11-15) together produced an average of approximately 28.6 bopd, and a farmout well at Bromhead produced an
average of approximately 41.7 bopd (4.17 bopd for Petro One’s 10% GORR). Another Milton oil well (6A-15)
averaged 7.4 bopd in May, 2012, but was suspended in May 2012, due to a high gas-oil ratio combined with a
high water cut that make it uneconomic to produce at current gas and oil prices, in the absence of a gas tie-in or
water disposal facilities on the property. The remaining three wells at Milton were also suspended due to high
water cuts, based on test production that ended in May and June, 2012. Monthly production figures for all of
Petro One’s wells are given in the attached table. Note that natural gas was flared and did not add to revenues.
All the revenue received to date in the development stage from test wells or other incidental production is treated