This is topic GSNH bottoming Oil And Gas play Looking for a big bounce! in forum Micro Penny Stocks, Penny Stocks $0.10 & Under at Allstocks.com's Bulletin Board.
Registered oil and gas Operator in the state of Texas.
Acquired two oil leases in Carter County, Oklahoma. The leases, The Creel and The Koski, consist of 35 acres of proven oil reserves and four wells.
Developing a South Texas property with an area of mutual interest of approximately 100 square miles. The combined reserve value for oil and gas in the project area could exceed $2 billion.
Estimated $285,000,000 in probable reserves in the Clayton Field project area in Live Oak County, Texas [Kenne Exploration, who will act as contract operator].
The first well is producing at predicted rates yielding over $40,000 in monthly cash flow. Five more wells are planned.
Posted by ShortTermMemory on :
GSNH Share info from May May 10th, 2006, 04:02 PM #14 mystical HSM Regular
Join Date: Mar 2004 Location: Posts: 365 Just got off the phone with the contact listed! 10 min DD and I bought in *.39 and .40
Share structure is:
40 million authorized
25million O/S
I also just found the CEO's email, waiting for some word back. Mike