RE: Looks like they hit OIL-jonneyDuring the course of sampling, the Consultant has advised the Company that over the last 48 hours it has discovered what it believes to be oil seeps and samples have been taken from four locations from an area extending over 5,000 lineal feet.
Again, I hope it’s true and we end up drilling out there for a new pool discovery. But based on surface samples (this isn’t a gold/silver mine) and a witching stick, I don’t see this gong to your target$. After it stalled yesterday I think it will tank today but what do I know, I’m an oil & gas guy not a stock annalist. That 5000 lineal foot trail he’s talking about was probably oil leaking from farm equipment.
Sad part is, every time someone from the oil patch comes through that country they suck some money out of the local farmers when it would be better in the bank.
Any as for the sands being stretched thin as you head East, I can know that. They teach it in university.