Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Java Group-JVGI -- Ignore unavailable to you. Want to Upgrade?

To: SCRIBEALIVE who wrote (441)	4/22/1998 5:00:00 PM
From: SCRIBEALIVE	Read Replies (1) \| Respond to of 509

JR ANNOUNCES HE IS WORKING 200 Barels a Day Field *from shareholder George bentley "Investor Update Wednesday, April 22, 1998 In a phone call to me last night Rob Gillingham reports: 1 The company is working the Bellevue field in Louisiana 2 The field has been operational since the 1920's 3 An accredited third party engineer appraises 1 million barrels of reserves 4 Java Group is evaluating the field in an effort to bring the production level to over 200 barrels per day " My notes here: 200 Barrels a Day? What a joke! Even if they made $3 per barrel profit on a reserve of one million barels that has been pumped since the IRON age that would take at least 5000 days to pump out...making $600 per day. Well it would pay for his overhead though. Come on Jr you are losing your touch here... In the past you could have dreamed up a much better story than this! Why not say this field is producing 100,000 bpd and it has proven undeveloped reserves of 250 billion barels? Now that would be much more realistic coming from you! How can you promote this? Please note for a company that has been pumping since the 1920's there is no DNR Resources listed in the yellowpages in either Texas CA NY NJ LO or Delaware. Is there someone out there who will put this dreamer back into retirement and buy this shell from him? I think the shareholders deserve better than JR working a field down in the Bayou! Email Rob at java@netcom.ca