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Friday, May 08, 2015 12:10:20 PM
That's why I still think the Oil leases have a valuable role. Let another oil company-driller come in on a shared rev basis, based on contractual committed rework drilling time frame, rather than try to sell the whole thing outright.
..No ones going to risk paying $5m to buy, then spend another $10-40m or more to rework or drill new holes. This has value, but higher initial risk for buyer. Remember, BYSD doesn't have the financial resources or expertise for a rework project of this kind, but they do recognize that all it takes is the right legit Oil company and deal structure. Maybe BYSD can't get $5m, and/or maybe Technis might reconsider, but now with OIL increasing to a stabilized $60 range, then a renewed interest towards a legitimate deal should be emphasized, pursued, and updated.. IMO, It's the right thing to do.. Other shareholders should be demanding this action as well. Scam or not, BYSD started this, now it's up to us to keep the pressure on and GET-ER-DONE !!!..
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