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Gold/Mining/Energy : Nevtah/Tower Oil Intl.- NTAH -- Ignore unavailable to you. Want to Upgrade?


To: Horned Toad who wrote (2019)7/8/1998 8:57:00 PM
From: Just My Opinion  Respond to of 3817
 
H.T.: No one dumps on people that ask sincere questions.
As far as I know, the drilling of the wells will be done by the JV partner.
If John is correct, and it is an intermediate sized oil company, then I am sure that they will be able to handle any problems.
You have to have faith that the company (NTAH) is going to have this done properly, by qualified drillers.
I hope I have helped.





To: Horned Toad who wrote (2019)7/8/1998 8:59:00 PM
From: Author51  Read Replies (1) | Respond to of 3817
 
To answer your ?.....I certainly never "dump" on anybody who asks good ?, and yours is a good one, and a legitimate concern.....Yes, the technology exists, there is no problem, there are 3 wells....The initial drilling will naturally concentrate on one, and which one, right this second, I don't have before me, however, work has ALREADY commenced re: cleanup and preparations...Tower and NTAH have personnel there as we speak........Peace



To: Horned Toad who wrote (2019)7/8/1998 11:05:00 PM
From: JackT  Read Replies (2) | Respond to of 3817
 
Fair Questions Horned Toad. First of all I would like to say hello to all posters as I feel I already know you all. I have been lurking for some time and have gained a lot from all posters. Sometimes you have to consider possible "agendas" of some but still learn from them.
To maybe add to some of the answers already given to You Horned Frog, I have learned that The three wells sanded up at Matagorda have been there awhile (Probably already there when leases were aquired by NTAH). I have been told by IR that NTAH feels confident that improvements in technology shall overcome the previous problems with these three wells. Also they were drilled to the Miocene level and The well that NTAH will be drilling with a JV partner will be to the deeper Frio formation about twice as deep as the others. My understanding is that this will be a completely new well.
I hate to see the bickering that is going on right now, but I do enjoy a good and honorable debate of which I believe we all gain by hearing different ideas. I am long on NTAH and don't mind the day to day fluctuations as I believe the Company is heading in the right direction and when some firm production numbers can be reported by the company then the stock price will take care of itself.