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Oil Well
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<blockquote data-quote="Cole" data-source="post: 57228"><p>I have a chance to buy in on a Oil Well. I had a chance last year and passed because I couldn't come up with the money and I wasn't really sure how it all worked. Well my buddy at work got in on it and they have already hit oil and natural gas. They have already announced that it is a Case 1 which means it will produce more than 600,000 barrels. They haven't even reached the final spot where they believe the really good stuff is.</p><p>So with that said they are going to drill 24 more wells on this plot of land they have. </p><p>I am really tempted to get in this time, but a little scared because if it doesn't hit I just lose my money.</p><p>Any of you guys ever mess with any thing like this?</p><p>Oh yeah it would cost around $12,500 to get in.</p></blockquote><p></p>
[QUOTE="Cole, post: 57228"] I have a chance to buy in on a Oil Well. I had a chance last year and passed because I couldn't come up with the money and I wasn't really sure how it all worked. Well my buddy at work got in on it and they have already hit oil and natural gas. They have already announced that it is a Case 1 which means it will produce more than 600,000 barrels. They haven't even reached the final spot where they believe the really good stuff is. So with that said they are going to drill 24 more wells on this plot of land they have. I am really tempted to get in this time, but a little scared because if it doesn't hit I just lose my money. Any of you guys ever mess with any thing like this? Oh yeah it would cost around $12,500 to get in. [/QUOTE]
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