Ooops, I was reading the SL-EZ bulletin Board...
...and accidentally posted this on that Board. That should wake them up from wondering when the SL-EZ stock will be delisted, right?
Here it is, right where it was intended to go!:
Hey, has anybody heard howthat one-man oil company is doing at finding and driliing for oil andgas in the Caddo, Delhi and other
oil ?
Iam expecting to hear any day that they have drilled all the way down tothe 9,000 to 10,000 foot depth necessary to find the CO2 they will needto pressurize those old, worked out oil horizons.
I can't wait to hear the
financialdynamics of just how they are expecting to get those $4,000,000.00 to$5,000,000.00 CO2 holes drilled so they can have a source of CO2 topressurize the strata to forceout all the residual oil, gas and residuehydrocarbons that remain.
Of course, after they either drill for asource of CO2 or buy the CO2 (price is about the same) theystill have to pony up the $4 to $5 million per hole to actually do somedrilling in the hopes of finding some oil or gas or both.
I think the Caddo field is theonly one of the lot that would be considered as "good" by a oilgeologist or a real oil professional.I am not so sure a one-man oil company is going to provide much'bang' for the buck in the oil patch.
The only company I know of thatis experienced enough with the CO2 injection and pressurization processto be able to pull off such a complex operation is a company likeDenbury Resources, a
NYSE listedcompany, with actual experience in those oil fields.
I think the$250k or whatever REV has stated they have invested in those oil patcheswould just about buy a couple of rounds of beer for the crew. Where arethey going to get the 10's of millions of dollars required to do anydrilling whatsoever, let alone the exploration costs leading up to the actual drilling?