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Alias Born 07/16/2005

Re: zagdad post# 888

Wednesday, 12/13/2006 10:45:21 PM

Wednesday, December 13, 2006 10:45:21 PM

Post# of 51429
On the positive side and no one knows this, until now, we have something no other company has... NO OTHER O&G COMPANY! This is where our true unseen strength lies...our research library. Back in the bad old days of $9 to $12 oil, before Hemi even existed, Craig and I were actively trolling oil and gas company bankruptcy auctions and buying as much of their in-house data as we could find, for 10th of a cent on the dollar or even free was stuff headed to the dumpster. Seismic, turn key projects, geological reports, project budgets, result expectations, well logs, you name it, we bought it... (Kansas came from this data. We have data that was been long forgotten by our competitors, so why should we tip our hand and generate our own Industry competition, especially if we stand to gain nothing from it?) For instance we bought a major bankrupt E&P companies records for all of Eastern OK from Oklahoma City to Arkansas, From the Kansas to the Texas line, in 2001? 2002? When I mean everything... everything is there, funny we have no short term interests in operating in OK... who knows one day we may throw open the doors and start charging other industry people to have a peek at it? Maybe not, who knows. Maybe we will consider OK for future programs based on this data? But we contributed this to Hemi long ago and it is now company property.


L~



"took me 3 long years to make a million bucks over night"

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