Post by
8saturday8 on Jul 10, 2013 9:08am
News Release
There was a news release on Rago this morning. I would have liked to post the whole thing here but I do not know how. Go to your Ameritrade or Scott Trade account and you can read the whole release. Occidental is currently drilling on the Kreyenhagan Shale in the middle dome. Apart from the McAdams Sandstone there are 4 other zones that could be put into production with this well. I do not think Occidental would be wasting there money drilling in the middle dome if they thought there wasnt an abundace of oil in the middle dome. I still am looking for drill results and flow rates.
Comment by
bennyRubin on Jul 10, 2013 9:45am
Very nice! they have now drilled 8,556 deep. I feel like buying more before financing is announced is a great idea. IMO
Comment by
bennyRubin on Jul 10, 2013 12:30pm
Spoke to IR. Now I am very confident. I have to get out of a couple others and will buy up RAGO.
Take care