GREY:RGVNF - Post by User
Comment by
redoctober777on Dec 14, 2009 4:10pm
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Post# 16585861
RE: REV a good buy
RE: REV a good buy
REV indeed HAS POTENTIAL,
BUT NOT WITH RW, DE, KP on the BOARD.
THEY MUST GO!!! so the full potential of REV can be realized.
As far as what you know about REV's "diversification" Mr. JR12, REV is not really an O&G play.
That deal was flushed down the toilet about 2 years ago when the relationship with Eurogas was retrenched, by Eurogas because RW was such a jerk to deal with!!!!
There is no real O&G play.
The press release on the north Louisiana fields was a last ditch desperate attempt by RW to look like he was making a business deal and some pump and dump. It was good for about 2 cents per share, but gave it all back the next day.
None of RW's business deals amount to a hill of beans. Those fields are mainly Chalk formations, meaning horizontal drilling to intercept vertical fractures. Even if you managed to find some oil there, you'd get high initial production followed by a very rapid decline in production. P&A would happen in less than a year. Those fields are all about 100 years old.
Don't you think that if there was oil to be had, that every good piece of land would have been drilled and re-drilled and re-re-drilled by now???? Pilgren can't make a living there, how do think RW would make a living there? He doesn't know the first thing about drilling a well. He doesn't know the first thing about getting Au out of the ground either.
So give us all a break and spare us your worthless observations.
Thank you. Go take a powder along with your good buddy Curtisprod. Whatever he was paying you to post that tripe, it wasn't enough.
Good luck to all SINCERE SHAREHOLDERS with Tuesday's AGM.