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PGPM..HUGE ALERT..LOOK AT THE PR JUST OUT!
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[QUOTE]Originally posted by OILDOG: [QB] A billion barrel field, on-shore Texas, would be a MAJOR find. GIANT field status. NOTHING on Texas RR Commission site, NO area new stories, geologists Ive talked to have heard NOTHING. NOTHING! These are the same properties they've had for over a 1.5 yrs,near as I can tell. They HAD a reputable company evaluate them in Jan '05, Gleason Engineering. 572,192 bbls, NOT 900 million. Its on their website!!!!! They've added NO additional properties, NO drilling whatsoever. They only have a 20% working interest as it is. What about the company(s) that own the other 80%? The "500 acre/feet lake" is the same sand zone they've talked about before. Nothing deeper. Why nothing from the majority owner, ANYWHERE. Go to Gustavson's website, READ. They will PROMOTE your company for you. POGC & MOL are two they list. That bothers me. Ive seen too many promoters & flybynight con artists thru the years. Worked for a couple!! Look at the unaudited "financial statements" on their website. I estimate last year their part (20%) was 5600 bbls from their leases. Yet Fast Eddie Monet has told people on other boards they produced 20 million barrels last year!! Thats a billion bucks!! They sure didnt report it in their financial ended Dec '05!! Believe the paid pumpers ON THIS THREAD if you want.They say hold, BUY BUY BUY BUY! I firmly and honestly believe this is a scam,bravo sierra. I also believe Gustavson will REALLY be sticking their necks in the noose if their evaluation is significantly different from Gleason Engineering. Play it like any other POS pink. This is NOT a long hold. :D [/QB][/QUOTE]
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