RE:RE:AGM news?The present worldwide daily water production from oil wells averages roughly 3 BWPD per barrel of oil, although some wells produce significantly higher amounts. It costs money to lift water and then dispose of it. In a well producing oil with 80% water cut, the cost of handling water can double normal lifting costs." I think water is the problem. I was curious when I first read about this companies first oil wells, Why was the field abandoned by past oil companies? My fear is there is to much water associated with their wells. Just a guess I wasn't able to find much about past owners of HELI lands.