To: Muffin Man who wrote (3906 ) 7/1/1999 2:35:00 PM From: Salt'n'Peppa Read Replies (3) | Respond to of 4821
Mr Muffin Man, here is a skeptic (for now, anyway) that wants to talk a little sense to you. Halliburton (HB) is an oil services company. Their business is in working for oil companies. Yes they are the largest one in the world. Tri-Valley will, some time in the future, be drilling a nice deep, expensive well, that could be worth quite a few dollars to HB's West Coast Division. If they drill a few more, even better. <<< That factor alone bears consideration. >>> What is to consider? One company approaches another and says "hey buddy, looks like you will be drilling a nice expensive well soon. Want us to do it for you?" That's all! They have said nothing about wanting to assume any risk, buy in on the project, or anything else. They simply asked to work for TRIL (and get paid very well for doing that work, trust me!). <<< When the GIANT wants to join in with the little company and provide services for the drilling, etc., it becomes obvious to even the novice that the little company is actually sitting on top of a huge potential that the GIANT is both educated and experienced enough to know won't be a waste of its time and energy. That is impressive enough to maintain support from those of us holding interests and/or stock, and to generate support for others to take a most serious look. This is potentially the opportunity that comes only once in a lifetime. >>> I'm sorry, but the above statement can only come from a novice! One company wants to sign an employment contract with another, possibly worth $1 million to them. They don't care what's underground. HB would make their money regardless...that's just business as usual. (that's not strictly true, because if TRIL did find economic reserves, HB would sit more wells and make more money) I mean absolutely no disrespect MM, and I will be watching TRIL in the next few months as things develop, but "now" is way too soon, IMHO. The fact that HB wants to work for TRIL does "NOT" prove up the Ekho geology!!! Neither does Tri-Valley's statement saying that East Lost Hills is "on the flank" of the Ekho project, which it isn't. It's called "trendology" and is a tenuous concept at best. <<< However, what other company's stock --- that we know of --- has such a great potential to accelerate skyward? >>> How about Hilton (HTP-VSE), Kookaburra (KOB-TSE), PYRX (OTC:BB), and the other ELH JV partners? Your latest TRIL news release states that Bellvue #1 is a resounding success and "proves" economic potential in these deep Temblor plays, yet here we are about to sink a second hole into the Temblor and our ELH stocks are still low. They have great immediate potential. Muffin Man, I do not mean to be offensive, abrasive or antagonistic to anyone here on the TRIL thread. As an experienced petroleum geologist, I am simply telling you to read between the lines. Never mind that, just read the actual lines! The June 22 news release was quite bold and in my opinion misleading, and means very little. I sincerely hope that Ekho pans out, and when they spud I will most likely buy a few shares myself, but right now, there are better places to put your money. Sincerely, S&P