Thursday, February 15, 2007

Ridgewood Energy Another Dry Hole - Happy Valentines Day

Yesterday Bob Swanson posted another one of his famous and now becoming more frequent letters to investors. The O Fund had another dry hole. After much hype the West Delta 95 came up snake eyes. Also known as a bust!

Thanks Bob Happy Valentines to you. Hopefully you and your family were out celebrating at a fancy restaurant while your investors in the O fund picked up the tab.

Not to fear Bob also reported good news on the same day. The L, N and R funds had a successful project. By April he says they will be producing lots of gas. Good job Bob. Hopefully this good news will last longer than the initial good news on the O fund West Delta project.

Again, Happy Valentines Day sorry our roses were wilted!

4 comments:

Anonymous said...

Always some bad news with some good news. Bob Swanson says that altough they really hyped the West Delta 95 and it turned out to be a bust, in the very next letter he points to a new and improved project that will surely provide good income.

Snake Eyes

If your broker were to hype a stock as much as these guys hype natural gas wells, they would be in jail.

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