GREY:NTCED - Post by User
Post by
Cussyon Jan 28, 2005 9:53pm
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Post# 8506812
Riverdaleguy...
Riverdaleguy...I havn't looked into it tooo close, but... Briefly,
What it looks like to me, is that NEI is looking for additional properties to replace wells that are drying up... It is no surprise to me that they have struck a deal with NEGY (the JH connection lives and breaths on).
The thing that ignites my interest the most about this NEWS is the comments about Netco's interest in "the well spacing unit and one additional section of land." (Aside from the 9% interest in Boltan 14-10-59-2W6. If this well hits big, and is attached to a section of land that can be heavilly developed, than we might just have something here!
Netco has to continuously find new sources of NG because the life of these wells is not long... I have shares of Netco, and have been looking at shares of NEGY, but both companies are very speculative. They could pay off big time, and could just as easily fall off the face of the earth!
Cussy, the Windsurfer