Hey Guys, Just wondering what you thought on OCOL. I read about how they have found new land that it could provide profit to them. Just wondering if you guys think this could be a good stock to get your hands on now. Here is what the statement said:
HOUSTON–(BUSINESS WIRE)– Oncolin (OTC: OCOL) announces that it has identified its largest prospect to date located in Cameron Parish, Louisiana with a potential of 3,000,000 gross barrels of oil reserves and 30Bcf of natural gas reserves. The company anticipates beginning the field study within the next two weeks which includes evaluating drilling locations and possible re-entries. Upon a successful outcome of the field study the company will begin the lease acquisition phase.
The company is continuing to build its prospect inventory and focus on developing or “rehabbing” fields that provide the best economics taking the current oil & gas prices into consideration and also the ability to procure the necessary leases. The company will prioritize the leasing and development of these fields after conducting field studies and securing the necessary funding to proceed.
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