xscape Posted December 16, 2010 Share Posted December 16, 2010 It got them the money didn't it? Link to comment Share on other sites More sharing options...
melua Posted December 16, 2010 Share Posted December 16, 2010 No money in the tin. Cash burn high. AIDEA funding not certain. Link to comment Share on other sites More sharing options...
melua Posted December 16, 2010 Share Posted December 16, 2010 Theon: "Would be good if they got hold of a frac crew, drilled a lateral in the Eagle Ford Shale, and fracced the heck out of it using the 20,000 barrels of water pumped out of Vic#1!" LOL. Someone has no idea what fraccing fluids are used. Water??? Yeah right. Try hydrochloric acid for a start. These pirates have no idea of even the basics in oil and gas exploration. Link to comment Share on other sites More sharing options...
sally1 Posted December 16, 2010 Share Posted December 16, 2010 meula would you please give it a rest Link to comment Share on other sites More sharing options...
melua Posted December 16, 2010 Share Posted December 16, 2010 I'm entitled to give my thoughts. How about you tell the rampers who are sugar-coating negative news to cease their continual upbeat posts or is there a rule that says positive posts are permitted in abundance? Link to comment Share on other sites More sharing options...
melua Posted December 17, 2010 Share Posted December 17, 2010 The stock price is in the toilet because of many reasons, however, the biggest reason IMO is the failure of Lee County to live up to the HYPE the company broadcast in late 2009. Springtree only exaggerated the falls. Dean and Curtis need to learn NOT to over-promise in future. Say nothing about what Alaska may bring in oil and gas. Let the results do the talking. Strange also how the pirates all say they are long term investors in BCC but they seem to watch every 0.001c movement in share price. If they were long term, why don't they post very little, like the astute "wallave". I respect that guy. He's bullish without rose-coloured glasses. Most of the pirates are just rampers and if this gets to 10c, watch them all dump it. Link to comment Share on other sites More sharing options...
pelican Posted December 17, 2010 Share Posted December 17, 2010 Speaking of fraccing, is there a good reason why the LC wells were not? I was under the impression that most successful wells in the region were fracced? Link to comment Share on other sites More sharing options...
xscape Posted December 18, 2010 Share Posted December 18, 2010 Lack of time and money I guess. I would say that they'll consider fraccing after the flow rates drop off to basically nothing. Link to comment Share on other sites More sharing options...
melua Posted December 18, 2010 Share Posted December 18, 2010 Dis: "On the plus side, Project X / Kenai Loop looks amazingly good - pay back in 3 to 6 months" Until you drill it, you've got nothing. Vick 1 was step out to a well that flowed years ago. Supposed low risk PUD. Vick 1 flowed water! This is oil and gas. Things often go wrong. Until you drill it, you've got nothing. Link to comment Share on other sites More sharing options...
xsmangos Posted December 18, 2010 Share Posted December 18, 2010 I agree, Melua please give everyone a break. Go to the beach and try swimming outside the flags. Link to comment Share on other sites More sharing options...
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