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Re: Zblue post# 20663

Tuesday, 11/29/2016 3:04:46 PM

Tuesday, November 29, 2016 3:04:46 PM

Post# of 25284
If it's all there and you have the answers that you needed to know that 3 wells creates the flow rate LEXG needs, could you please just tell me what that flow rate is (which seems odd to just take an average which is what it sounds like) and why they needed that exact flow rate - i.e., do they need a certain amount of profits and how did you calculate the profits needed and those that will come from 3 wells? If it's all there please spell it out for those of us who are less good at coming to that obvious conclusion from what's on the computer. Also, if it is profits/cash/revenue they need and they are not buying oil assets for less than, for example, three years free cash flow (a better oil operator would buy assets at that price even small assets) then why not use the financing for these wells to complete the SonCav machine since I would imagine that proof of concept would take less than three years and thus require less dilutive financing which appears to be killing the company.
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