GREY:RGVNF - Post by User
Comment by
stocktalk2on Dec 02, 2010 11:53am
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Post# 17789739
RE: answer the questions .. too scared???
RE: answer the questions .. too scared???Not sure why but my first post did not go through, so if it shows up pardon me for repeating myself.
The just of the post was, there is no mystery here. REV will be lucky to net $4K a month ( depending on liquids ). If a well is costing them $500K, it mean they have a 10 year pay back. Those are not good economics in anyone's book.
Nextmillion, most likely the well is being choked back so it will not pull too hard on the zone and water out.
Lucky, I'm sorry but you speak out of ignorance. Dogone is not being negative, nor is anyone else who has been a long suffering shareholder, he is talking about the facts and no matter how much lipstick you try and put on this pig, it's still a pig.
The results were not forthcoming because they were negative. I do not have a problem with the outcome, that is the oil and gas business. What I have a problem with is all of the people on this board who were told that the results were great and kept regurgitating the line.
Now this casts serious doubts on whether or not there are false expectations for Red Mountain.
Okay, RedO, fire away, the floor is yours.