Help me understand the following
#1. Why does TB keep telling us that 4 ND Stockyard in-fill wells are going to be drilled in 2012. They do not even have the permits drawn yet for those 4 in-fills and we know Zavanna is the slowest Operator in history and are not capable of drilling 4 in-fill wells in the 10 months remaining in 2012.
#2. TB tells us SOA will be re-entered and drilled this year. Why? (I will explain in #3)
#3. TB said that if Australia II & Gretel II are commercial he is going to start a Roosevelt drilling program of one well per month. How is that going to happen? We would be broke within 8-10 months if we took on a drilling program like that. Also as I pointed out in #2 where is the $3+ million going to come from to redrill SOA?
So what is coming? CAPITAL RAISE.......
So how does on prepare? Well first make sure you have more than one brokerage account and buy at least 1 share of SSN. That way you can get in on multiple 'subscription offerings'. Remember you must own at least one SSN share to qualify for the offering.
Regardless something is coming.... TB said something huge in a few months. I hope it is not a JV as I do not want our 53% net of Roosevelt
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