| It's a shake-out, no doubt. Hang tough, more news is on the way for sure. Have a gander: A typical oil/natural gas company such as MARATHON, ANADARKO, CONTINENTAL and others - 20,000 barrels per day @ a margin of 0.12 cents - profit is $864,000 per year. At 100,000 BPD - $4,380,000 per year profit for RGBL, based on their lease contract option. Black Diamond Oil preferred to pay cash for their plant & equipment ($2.5 million) which handles 20,000 BPD. The stated their intention to purchase more units, increasing their processing ability to 100,000 BPD by year's end. My view is, it's a perfect time to buy! |
