reinterating my QUESTIONSCurt .."
This is good news, indeed. Each well won't pay a whole lot but with 15 wells, it will generate a nice cash flow. The oil play sounds intriguing."
you fail to calculate ..
WHAT WILL 15 WELLS COST !!!! $$$$$$
this raises a lot of valid questions ..again... and one in particular
The SP has lost about 30% of its' value from the OCT 27 date
The MCF described in the Press Release took 4 weeks to publish ... WHY so long? could easily been the next week.
We had heard of OIL ... barrels and barrels of oil .. where is the oil?
Were we not HERE in LA for OIL?
Heard RW's intent was to get to 1000 Barrels of oil per day (these 2 wells and future close by wells) ... again was this hype?
Not even gonna mention the KX-10000 crapppolllaa that was supposed to help these 2 OIL wells.
4 week delay from the Oct 27 date .. who dumped
stock? ....because there was no oil? 30% loss in value
Heard the SP was to get to the mid 20's and higher ... hype again? Was this an attempt to bolster
buying while insiders sold?
looking at the daily figures (based upon missing/adding 000's) how does this $$$ equate to the amount financed, AND especially after deducting operating expenses, what is the break even date .. months? years?
Even at 50 BBls Oil a day .. that is about $60K a month or more ... -vs- gas at $ way-way-way-less
Red Mtn .. ummmmm .. and the news is ??? still waiting while everyone else is publishing ???
Based upon the above .. Red October is more in line with his assumptions
and soon we'll have Red Mtn ..
I speculate it is not world class news such as our neighbor... .
.... Why? you might ask???
POOR management and hired the wrong guy...is my specualtion ..