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Originally Posted by WiredGuy
Exploration drilling. Interesting investment. Is it basically land you buy and you setup a deal with a drilling company or how does that work?
WG
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company name is reef and black diamond drilling
you buy units at 12.5k a pop
reef for example drills in wyoming 50 wells they operate
if they hit a big pocket, you make a shitload of money, if they strike out its gone
but its 80% writeoff
