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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Taki who wrote (129961)3/17/2004 3:37:37 PM
From: Carl Brehm  Read Replies (1) of 150070
 
OMOG
"that gross revenue for all oil and gas production wells contained on leases in which the Company participates"

The key word here is "participates". In other words they do not get all of the gross income just part of it after their partners share comes out and expenses for the production, hauling, handleing, etc. So what is their real share of this money. May be as little as 1% which is normally the smallest you can buy into a well.
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