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Re: None

Friday, 05/18/2012 11:25:53 AM

Friday, May 18, 2012 11:25:53 AM

Post# of 15763
AER and BG will resolve their own issues. I don't think its helpful to anyone to continue discussing who's right or wrong. However, if you contact BG I bet they'll send you a copy of the agreements and you can decide for yourself if it was an LOI or contractual obligation. At the end of the day this is the most transparency I've seen and unfortunately its not coming from AER. Whether or not the BG lease is worth money, I'm sure if you request it you can get the prospectus for the BG leases. Has AER revealed that to us? I'm sure BG will be happy to share if you ask.

Regardless of what happens with BG and AER, we're still stockholders wanting our investment to thrive. What really matters is what AER is doing NOW to grow OUR business. I would rather have AER resolve their BG issue privately(out of court)and focus on the big picture.

BTW - I think BG would be a good JV to move forward with if both parties can agree to bury the hatchet and make some money! I think it would be a pretty nice PR to say AER and BG have committed funding, all set to drill June 1st. They'd be pumping oil soon and making money for what seems like a small investment.(less than Stan's annual salary)I may just JV with them myself...