Bluehorse, I said that I wouldn't post anymore, but I can't resist. Being in the oil fields cutting deals don't make shareholders money. Drilling wells, mining the coal reserves, and pumping the gas, make shareholders money. What you are suggesting is the same thing that others, who until recently were employed at MTEI, are being dogged out for doing. Cut the deal, hell ya! get it on paper!! I say cut the coal, pump the oil and gas. yada, yada, yada, you know the rest. Let us know the name of the banker that is interested, or is even considering the idea of financing a venture by MTEI, I want to make sure I don't buy any of their stock either.
PS I find it interesting that according to the research I've done today, the counties in WVA that were mentioned by Tod C as being newly acquired by MTEI have NO history of OIL production. Yes, some gas, not a whole hell of a lot, but NO NO NO oil. In addition, Total coal production, I repeat TOTAL coal production for Lincoln County last year was less than 10,000 tons. According to WVA records, 1 coal mine with 7 employees.
Raleigh County has coal production, in fact a lot of production, but no oil production. If I can help answer any questions (even though via PM I got bashed) I will.
By the way, does anyone have any idea about the permitting process in West Virginia? I do.
Sincerely,
Lonnie |
