sorry yt, i just have to post the attached article, and then i promise i will stop:
"shares in junior oiler FutureCorp rose an incredible 50% today on significant volume, on the back of a recently announced new oil discovery in Louisiana today.
concern that the oil could in fact be a result of freshwater sinkholes off the gulf coast transporting the runoff escaping from the BPs deepwater horizon oil platform has led to speculation amongst insiders of a potential hostile takeover, as BP try to recover as much of the escaping 90,000 bopd to help foot the bill of the growing environmental disaster.
company data suggesting that the wells have low decline rates has led further speculation of a possible cash positive recovery program, involving multiple wells being drilled into the lake.
at expected flowrates in excess of 35bopd, BP suggested that it could recover 1 day of spillage with only 2,571 wells.
a shareholder funded feasiblity study is currently being carried out by the company.
FUT Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
