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Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Taikun who wrote (2006)8/26/2005 8:55:50 PM
From: Chuckles_Bee  Read Replies (3) | Respond to of 25575
 
Soooo.....is the consensus that WNWG is legit and worth investing in?
Is the "news" legit and the claims confirmed?
I ask because everything I have read says 99%( or so) of pink sheet companies are scams.
Just wondering if we really have a pearl in the pig trough.



To: Taikun who wrote (2006)10/25/2005 8:26:24 AM
From: Dennis Roth  Read Replies (1) | Respond to of 25575
 
Wentworth Energy Closes on Acquisition of Major Utah Oil Sands Project
Tuesday October 25, 7:39 am ET
biz.yahoo.com

I would dispute calling this a 'Major' project.

Wentworth Energy has acquired 1592-acre lease known as the Asphalt Tar Sands project, for 1,000,000 shares of the Company's common stock and a 12 percent royalty on the net proceeds from the property.

Somehow I don't think the property is worth all that much if this is the best the seller could do.
1,000,000 shares were worth $650,000 at yesterdays close, but of course cost Wentworth nothing to print up, and 12 percent of zero is zero.