OTCQB:PSHIF - Post by User
Post by
metzgfon Jul 29, 2006 10:59am
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Post# 11162403
Getting nervous.
Getting nervous.I'm getting a little nervous not hearing anything about #7. Several years ago I invested in a company who bought an existing well in Texas with the intention of drilling it deeper. They went down about 2000 additional feet and hit a very high pressure hydrocarbon area. Then they perforated and hit water. The well flooded and was a total loss. Sometimes perforation can be destructive. It can also greatly increase the output of a well. We will just have to wait and see. And wait and wait and wait and wait..........