RE: RE: RE: RE: Matagorda Bay...Check Pinetree's "investee's by name" and you'll find FYI is no longer listed. Pinetree doesn't sit still, moves fast
and often. They are truly traders, bought at a much higher price, likely sold but could re-enter. DD that relies on them gets out of date quickly. The connections cited are all business.
A current comparable might be POP which went from
.80 to $1.61 with a successful well in
BC producing at 60 BBPD with 214,000 BBL's recoverable (proven and probable valued at $35 a barrel).
Keep in mind that FYI has only a 17.5% interest so their share is limited.
The driller South Bay Resources, who has been significantly delayed, isn't very specific about their "successful" wells
although they seem to know Matagordo Bay. South Texas Oil, before their bankruptcy, gave an estimate on the 127-1
well. South Bay reworked thier 3-D and came up with even better numbers-- that's why we're in this with the insiders and the advisors.
FYI and ARK couldn't go much lower without delisting. They both need a success after a long losing spell. With even a wiff of oil/gas the big boys will be back and that is where we''ll get a payout if the speculations ( BIG HAT) are confirmed
(OIL ="CATTLE").