OTCPK:CSQPF - Post by User
Post by
specialist9on Oct 23, 2000 6:40pm
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Post# 2697239
ECHO!I want to know?
ECHO!I want to know?According to the E_mail posted here, presumably authored by tril executives
"This project was carefully designed to keep it from being stranded due to
the financial difficulties of any of the partners."
I WOULD BE INTERESTED TO KNOW IF THE JV PARTNERS WERE INFORMED/AWARE GOING INTO THIS DEAL THAT A 2,000,000 FRAC WOULD LIKELY/POSSIBLY BE REQUIRED?
MR. bystone has recently stated that;
"Frac-ing" is a common event as about one-half the wells drilled now in the U.S.
require frac-ing and a 15,000-foot or deeper well is frac-ed about every 10 days in the U.S. However, this is a 19,000-foot well and the higher temperatures and pressures add some complexity to the procedure. Still, we are now at a very low-risk stage relative to when we spudded the well.
Today Mr. Blystone goes on to state that;
"It is important to realize that there are other parties standing by to pick up any available interest in this project. So my statement to all interested parties is that the upside benefit the we targeted in the beginning is not only available, it is even larger than we originally forecasted and we expect the reward to be there."
PERSONALLY, I BELIEVE THAT THERE IS STILL GOOD BANG FOR THE BUCK ON THE ECHO PLAY I MEAN COME ON WE HAVE GONE THIS FAR HOWEVER, MAYBE WE COULD VEST IN TRUST UNTIL THE MINI/DATA FRACS HAVE YIELDED CONCLUSIVE DATA.
COMMENTS?