Agoracom

Geoglow,

You don't know what you own?  You bought into a company without doing any due diligence into what you were buying into?  If you already owned LBSU before this JV with XState, and are still unclear to the agreement they have with them a year and a half later, you haven't sold yet?  Not like flying by the seat of your pants in the investment community!  Why is this topic so hard for you to grasp?  If you want total clarity, call the office and talk to Tracy, which is what I suggested to you four months ago, when you had a hard time understanding the transfer of the Loreto pipe into the agreement. 

There is three pipes in the original JV area for for the exploration program with XState, which each company owns 50%.  The three pipes that are under the agreement are going to be the best immediate targets due to scientific research, which changes with new information always being evaluated.  After the Neola is drilled out, the remaining two targets might change again.  The company is looking for sucess with XState in this joint venture because it will open up other joint ventures in the future.  It comes down to the bottom line.  One needs cash flow, and/or decent reserve estimates to start being a reputable company, who can raise capital and consistently drill on their own.

All in all, why don't you do some of your own leg work yourself and call the office, something you should of done months ago, even before you bought the stock.  Tracy will answer all your questions, and if need be, will find out if she doesn't know.