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re: Investing in an oil well
Posted on 12/22/10 at 8:17 am to RC
Posted on 12/22/10 at 8:17 am to RC
quote:
He just said most of his wells are successful.
Be wary of geologists that claim "success". Success can mean the well was simply completed and produced. However, they won't mention the fact that the well failed to produce enough hydrocarbons to payout on the investment. Completion of the well is often referred to as a "success" when in reality it is a failure.
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