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Re: Garyst post# 2490

Monday, 02/27/2017 12:58:55 PM

Monday, February 27, 2017 12:58:55 PM

Post# of 2604
Just wanted to give everyone some positive news. I talked to Thomas this morning. Saratoga Resources is still in the same boat. They're being very diligent about making sure they have all their I's dotted and t's crossed before moving forward. They've started turning some of the wells they kept after the bk back on. They've been analyzing all the seismic data they kept and are in the process of deciding which area to go drill on. This, of course, takes time. You have to price companies out...look at the current market situation...look at what data you have and resources available to you. You don't just say, "hey, we are debt free...let's go spend 20 million and hope for the best." This is a company that has the talent and knowledge to make great things happen in the future. Unfortunately, it also takes patience.

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