Teaser?Why Mr. Red, I personally have my investment hopes rifding almost exclusively on the efficacy of the KH-xx family of pertroleum-related solvents to single handedly carry REV and her investors into the land of milk and honey...as per the press release as quoted and follows:
From the Regent Ventures, ltd website:
"Vancouver, British Columbia - Regent Ventures Ltd. ("Regent") ispleased to announce that it has entered into a letter of intent anddevelopment agreement (the "Agreement") to acquire the rights to drillthree development oil wells on acreage adjacent to recently completedoil and gas production within the last two years. The property issituated in Northern Louisiana where the Company is continuing to seekadditional acreage in the mature oil and gas areas of the Caddo PineIsland Field, the Monroe Gas Field, the Delhi Field and the Big CreekField. (Keep going, the good stuff is 'down below, so to speak)
Pursuant to the terms of the Agreement, at closing, the Company will paythe vendor $US275,000 and must incur all the drilling and developmentcosts of the three wells to earn an 80% working interest. The propertyis subject to royalties and overriding royalties totalling 35% of grossrevenues from production. The operator on the property is to be TerrOnnePetroleum Corporation ("TerrOnne") of Monroe, Louisiana. TerrOnne isfully licensed to carry out the necessary drilling and completionactivities required to develop the property. (Um hum, didn't work out so well for this fellow, or so WE think) The Agreement also providesthat the first well is to be spudded and drilled on or before May 15,2010. (Oh well so go agreements, but who is keeping count, anyway?)The commencement of drilling will be subject to the availabilityof drilling rigs and the suitability, due to weather conditions, ofaccess roads to the field. The Agreement contains a force majeure clauseshould the Company incur delays that are beyond their control. Closingof the acquisition is to occur on or before December 16, 2009 and issubject to the approval of the TSX Venture Exchange.
SOME OF THE ADITIONAL ACREAGE THE COMPANY IS PURSUING IN NORTHERNLOUISIANA MAY INCLUDE WELLS THAT HAVE BEEN PLAGUED WITH PARAFFIN ANDHIGH VISCOSITY PROBLEMS ON WHICH THE COMPANY CAN EMPLOY ITSENVIRONMENTALLY FRIENDLY (KX-XXX) SOLVENTS TO ENHANCE PRODUCTION.
Caps are my emphasis..you all really should be keeping up with the plans your corporate honchos/owners have for you and their company, you know?
So, you see? I am absolutely positive that Mr. Rick Wilson and his fellow directors of REV have a plan to somehow acquire back all those exclusive rights-to-market the KX-xxx products they sold to that nice First Nations man. Then, they will be free to buy and sell to their own production company (themselves) all the KX-xxx they need to get all that thick as "Molasses-in-January" Crude out of that "mature" oilfield down there in northern Louisiana!
So, as the UNRG sp is now as low as a Louisiana hound dawgs jowls, I am going to go and buy up all the UNRG stock I can get my hands on (other are already doing the same..you know! You didn't?) and that way, I will be sittin' in the catbird seat when REV runs the pump flag (oil pumping of course, dear Curtis)!