Galena Capital Corp V.FYI

115 feet of pay

[bigpocketsinc]

With another 200 plus to work over later !! We own a chunk of this, this is a prize in the making.

A key component of this acquisition is the existenceof a fully drilled, cored, logged, cased and shut-in well bore (the127-1) in Block 127. The 127-1 well has multiple pay zones indicated onlogs and cores and is expected to be initially completed in the Bol Mex(8560 - 8710' depth) section of the Lower Frio. Internal analysis of thelogs and cores of the Bol Mex zone indicate approximately 115 feet ofexpected oil pay. The reservoir is estimated to cover a minimum of 350acres with potential up to 750 acres.

Completion planning has already begun with OperatingPartner South Bay Resources, and on-site operations are expected tocommence within the next 2 months.      WE ARE VERY CLOSE TO COMMENCEMENT USING THIS TIMELINE


Then there is this nugget :

An additional 200 plus feet of apparent net pay areevident in the logs and cores, and upon successful completion of the BolMex interval the company will target these additional zones for futurecompletions.


SO HERE WE HAVE UP TO OVER 300 FEET OF PAY ON A 350 TO 750 ACRE RESERVOIR.

[BASHERS_R_SHORTERS]

The bitumen project, was left out. I hear it is going very well and we should here news soon on this as well as the conventional oil project.This tech could un-lock the potential of tar and oil sands not only in the USA but elsewhere. 

[dirtyoil]

The bitumen project here is a joke... If you're serious about alternative technologies for bitumen extraction take a look at TIC or USO. TIC actually has a large scale feasible clean technology.USO has land in Utah and again, a technology that works...FYI has... O wait, management has done a terrible job of updating anyone on how things work. Good thing insiders only have $10 000.

[BASHERS_R_SHORTERS]

Thanks for the rec's on your other companies I will definitely take a gander. In the mean time maybe you could explain to everybody why you read and post here so frequently?. While your at it you could also please explain your conflicting statements:dirtyoil said this "The bitumen project here is a joke..."  then this "management has done a terrible job of updating anyone

[mattdaddy]

in my opinion I feel the company is keeping this secret due to the unique nature of the process and want to make sure they will be the first with too many strides to give someone else a chance to perfect it before they were able to get it going otherwise we would all have heard how the process works one needs patience with this one but I feel once it has been proven this one will be a huge payday