[Mind-numbed Robot]

It’s turning out to contain high-quality oil already commanding a premium at Salt Lake refineries.

Probably drilled into a pipeline.

I am a skeptic. Have been in the oil patch and have seen too many scams. The bigger they are the more suckers they attract.

I hope I am wrong and this is for real.

[BooBoo1000]

I hope this the Mother of all strikes, and that we find enough crude to keep us going for 100 years without OPEC. What we really need is more refining capacity.

[Dog Gone]

One well confirms a billion barrel find? The ignorant and sucker investment class might believe this.

Nobody else with the slightest bit of oilfield knowledge will.

Since this is a small company, I smell scam ALL over it.

[hunter112]

I hope you're wrong, too, and the money Utah gets from this oil is going to lower my taxes!

[Ken H]

Anyone remember the BRE-X scam from the late 90's? This was an Indonesian gold mine whose geology report said it was one of the biggest gold finds in history. The stock got bid up to to incredible levels, something like a 50-fold increase.

Then the geologist plunged to his death from a helicopter. I'm not sure if it was murder or suicide, but it turned out the samplings in his report were "salted" with gold.

Shortly thereafter, the whole thing collapsed. I believe the shareholders lost all their money.

[Smokin' Joe]

With a lease sale coming up, there is a lot of money to be made by someone....

BTW, 1 billion=1000 million, which would light the east coast for about 3 years.

Good for them, but we'll keep drilling.

[Bear_Slayer]

Probably drilled into a pipeline.

I guy that I went to high-school with, and a local business man were arrested in the early 80s for siphoning off Arco oil from a pipeline and then selling in back to them.