NUTK - proprietary oil pump Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : NUTK - proprietary oil pump

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Larry Sallee who wrote (10)	8/22/1996 10:00:00 PM
From: James McKillop	of 21

Here's some new information I got from Britt Brooks, NuTek's VP. As of today between Nutek and their joint venture partner (Regent Oil & Gas) they have just over 200 wells. Britt says that they're right on track to the goal of 5,000 wells. 1200 wells have been recently identified for potential acquisition. No specific deadlines have been set, however. Oil prices are the main factor that dictates the speed of NuTek's acquisition of oil wells. Oil prices run inverse to NuTek's acquisitions. That is, the higher the prices the fewer wells NuTek acquires. Likewise, the production costs are in-line with expectations ($2.25 a barrel) NuTek is currently working on the web site; that will facilitate transmission of new press-releases. I will keep you posted on that.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next