NEW OIL WELL DRILLING COMPANY PENNY STOCK, STUCK AT .17 CENTS RIGHT NOW. MARKET CAP OF $40 MILLION. More than one way, to make money off drilling for oil. You don't actually have to find oil to do so.
Ok, Innovate, I am not so sure about the oil billions at Blue Creek.
So I am not sure it can have any real affect on the Superbond
situation.
I just did some checking and New World Oil & Gas
still sits as a penny stock at the low end of it's 52 week trading range
at .17 cents a share. With a market cap of $40 million. Right now the
market does not think that there is billions worth of oil at Blue Creek.
I also hear from a usually reliable source that the oil
production at Spanish Lookout is dropping like a stone. Maybe it's like
half of it's peak right now.
So I hope they find some oil soon. They (GOB) need the money.
According to the New World chief in one of their paid news releases:
"New World CEO William Kelleher said,
"Having reduced the geologic risk
of our Belizean prospects by 60 percent through a successful multi stage
seismic program and now commenced drilling, we will be in a position to
judge whether we have made an oil discovery by mid November 2012."
Ok. well mid-November is in one week.
Let's hope it's a gusher....
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