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Alias Born 06/01/2006

Re: IHDR post# 145

Thursday, 06/29/2006 10:21:13 AM

Thursday, June 29, 2006 10:21:13 AM

Post# of 1494
Yes sorry I should be more specific. I understand that they have 5 wells already producing, but in order to drill more on their 3,450 acres they will require funding of some sort which will either mean short or/and long term debt or an offering (therefore dilution in one way or another). This will probably stagnate the PPS until revenues from new wells go online and as you know surveys to find drill sites take time.

I'm with you on getting in at the beginning but I'm willing to bet we won't see decent gains between now and 18 months. (apart from short term gains after the CC)

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