GREY:RGVNF - Post by User
Comment by
redoctober777on Aug 31, 2010 10:05pm
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Post# 17402412
RE: Latest Rumors, DD
RE: Latest Rumors, DDThe thing about gravity is that oil still flows down hill whether you're at 1000 feet, 5000 feet, or 10000 feet. I don't care how deep you are, we are up-dip from a nearby "control well,' (as stated in the PR) plus this is a mature field.
We did NO EXPLORATION. This is not a Wildcat. We're drilling into a well known formation according the PR (Tuscaloosa), so what are the odds that we've discovered fresh oil in a fresh formation?
Bottom line, I don't trust Rick Wilson. I don't trust this deal. And I don't trust your rumors "Mr. Prod."
I'll believe that REV has hit oil when they produce oil. The press release was deliberately thin and misleading.
Show me the oil. Show me the money. Rumors are worthless.