Bitech Petroleum Corp new well 2400 bopd Message Board

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Gold/Mining/Energy : Bitech Petroleum Corp new well 2400 bopd

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To: Doug who wrote (26)	5/3/1998 1:20:00 PM
From: Brian	Read Replies (1) of 32

Thanks for the info Doug. Of course us plebians never find out til the news is old news. So much for honest PR people. I thought the news would pertain to the latest drill results, not a property that won't be in production let alone drilled for quite awhile. They only have one drill they can use at a time.If they could get another drill happenning this stock could really take off. The company sent me their latest annual report brochure and it does seem impressive. Proven and probable reserves hope to be at 500 mill. by year end and producing 20,000 bbl perday. Definitley worth holding on to til next winters deepfreeze. Also, the head man at Chevron said he thinks oil will be at $18/bbl in the next few months.

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