I read this post on SH and would like to know if anyone that has chatted with BC can shed some light if there is any truth to this. If there is,,,$$$$!

"In a previous phone conversation Bill Cawker has stated to me that Atlas America LLC has used information in a previous Montello news release to justify deepening an existing well.

The consequences of reworking this well was a gas blowout. After capping the well initial flow rates were 9 mmcf (9000 * $9 = $81,000 daily gas revenue). This well is 10 miles away from JB #2 and MAY indicate a massive oil and gas field!

It is possible that we have encountered the source reservoir for all the highly pressurized oil and gas in the Rome formation in JB #2. The "source" will have potentially very large reserves of oil.

Usually oil and gas companies say sometime like this we are drill stem testing X feet of potential hydrocarbon formation down at the YYYY foot level. It is highly doubtful that we will get highly detailed information from Montello. A stabilized flow rate for oil and gas at 1/2" and 2" chokes for an entire well is enough information to calculate cash flows!"

SAY IT IS SO$$$$

Great fortunes to us all

SunSeeker