I like this board very much except for shorters. Lots of good information here. I picked up KOG off of NOG's message board. I have doubled my money and expect be here a long time. I like it when men of "like minds" share information.
I have been researching this for about three wks. There is a place outside of Paris France called the PARIS BASIN. It's larger than THE BAKKEN and has similar shale. There is a little company that has around 800,000 acres leased there.
They have cut a deal with HESS Oil Company to come and develope this for them for half the lease. Hess has committed 50 million to begin drilling this month 1/2011. Hess has comitted another 300 million to the project already.
The company is TRGL. I bought June 15 calls on 12/31/10 They are up about 50%. We should have more information between now and June. Bloomburg has some negative info on the CEO. The stock was $15 three wks ago. There is a fund that owns about the same amount of acreage. I believe it is an American fund. Other American co's are presently leasing. Thought someone might like to know.Please share what you learn. Thanks