Dear grayhairs:
I am left with no choice but to correct some of the wrong information you have put in your post in regards to Tri-Valley's Project EKHO :
First of all, EKHO, is NOT a "Wildcat exploration play". It is an extremely large, deep and very well defined prospect. Project EKHO, is well defined by three deep wells in its vicinity: One that was drilled to the depth of 21,000 + feet, another drilled to the depth of 20,000 + feet and one more that was drilled to the depth of almost 19,000 feet. Given the above, the EKHO prospect presents far LESS RISK than ELH's so called "quasi-proven gas reserve." play.
Next time, please check your facts, before posting inaccuracies...
Project EKHO is not even remotely a wildcat play.
Furthermore, another major and overriding advantage of EKHO prospect, also located in California's premium gas market, is that there is the added bonanza of one MAJOR oil pipeline and another MAJOR gas pipeline which ALREADY run inside the EKHO prospect...How's that for quick revenue enhancement !
Your depiction of EKHO project as being a "one can " prospect, is also quite inaccurate. EKHO Project presents MULTIPLE opportunities, with Tri-Valley corporation being by far its biggest beneficiary, with its vast prime lease holdings in twenty-six sections and its commanding presence as the master operator in any and all drillings in that ENTIRE ECKHO project. Please check your facts...
Despite your inaccuracies, grayhairs, I wish you and all others in the ELH play, the best of luck.
PS Just because Tri-Valley has succeeded to have the upperhand, you and Salt and Peppa, should not feel obligated to unjustly bash Tri-Valley corporation...Sophisticated people can easily see through such ploys. You may instead salute Tri-Valley's management for the fabulous EKHO play they have put together, for in my opinion, it shall bring even more attention and prosperity to that whole region for all to benefit. |
