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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?


To: jan_mike who wrote (2194)12/1/1997 5:55:00 PM
From: wlheatmoon  Respond to of 11708
 
Mike,

How about a nice flats boat like a Maverick to go bonehead, I mean, bonefish hunting? :-)

MChen



To: jan_mike who wrote (2194)12/1/1997 5:59:00 PM
From: Amir Feinsilber  Read Replies (3) | Respond to of 11708
 
Oil ventures are WAY too risky I'm afraid. I kinda liked the air fresheners instead. I'm dumping some more shares at the opening bell for all those who are not as timid as I am. Coupled with a lack of hardcore financial $$$, CSMA is becoming a riskier investment with each press release "venture". Look at what happened to "MPTV"--- Good luck... I'm off to find another true CSMA!

-Amir



To: jan_mike who wrote (2194)12/1/1997 6:00:00 PM
From: KZAP  Respond to of 11708
 
Go Mike! I was on a rig once, we drilled a hole in So.
Texas 21,020 feet deep. 100 ft short of 4 miles!
Harkins and co. drilled it for EXXON. The drilling fluid alone
cost 1.5 million dollars! But we are talking 3,500 feet
here. I could work that well in a few days with a swabbing
unit. And they are cheap compared to a drilling rig!
Like I said, Been there, done that. And Here we go again!!!

Go C$MA!!!!!!!!!!!!!!!!

KZAP



To: jan_mike who wrote (2194)12/1/1997 6:01:00 PM
From: WAYNEW  Respond to of 11708
 
Correct me if im wrong, but I understood it to be gas not oil at all.

Anybody else see it as that.

I don't know if there is a difference but that's what I recall.

As far as the financials. I would think that they will be released
either @ the meeting or following the meeting.

Wayne.



To: jan_mike who wrote (2194)12/1/1997 6:03:00 PM
From: tradesman  Read Replies (1) | Respond to of 11708
 
<<<2) This oil venture is not exploratory. The oil is there. Exxon proved this.>>>>>

Yep, there's oil. There's a lot more gas, than oil. There's also water, not sure, but, I think it come's from the Gulf of Mexico.

There's also broken casings that can't be fixed. A dropped tool that can't be fished out. A Frac rig that fractures the strata and releases the water (instead of the gas). Poof! 5MM gone.