Posted On: 02/10/2016 11:11:34 AM
Post# of 39368
I pronounced this company dead a few months back in one of my post. I don't believe that anyone is doing anything at this company.
I lost $130,000 here. Tough pill to swallow.
I had also invested in another oil exploration company called OEDV.
Osage Exploration and Development. They currently owned 55 operating wells in Oklahoma, interest in another 20 wells and 1 out of state. They were bringing wells online at a clip of 6-8 year with production of 500-800 barrels of oil per well leveling off to about half of that weeks later. This was just 1-2 years ago.
On February 5th they just applied for chapter 11 bankruptcy, owing 42 million to creditors. Now I am 0 for 2. Current symbol is OEDVQ now that they filed for chapter 11. What stuns me is people are still buying the stock Monday and Tuesday of this week. I guess they can't read.
I am going to stick with fuel cell companies going forward.
I lost $130,000 here. Tough pill to swallow.
I had also invested in another oil exploration company called OEDV.
Osage Exploration and Development. They currently owned 55 operating wells in Oklahoma, interest in another 20 wells and 1 out of state. They were bringing wells online at a clip of 6-8 year with production of 500-800 barrels of oil per well leveling off to about half of that weeks later. This was just 1-2 years ago.
On February 5th they just applied for chapter 11 bankruptcy, owing 42 million to creditors. Now I am 0 for 2. Current symbol is OEDVQ now that they filed for chapter 11. What stuns me is people are still buying the stock Monday and Tuesday of this week. I guess they can't read.
I am going to stick with fuel cell companies going forward.
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