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koze44

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koze44

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Wednesday, 07/19/2006 6:32:53 PM

Wednesday, July 19, 2006 6:32:53 PM

Post# of 28061
We must remember that they are sitting on enough cash to drill for a while! They have enough to drill in Mesa and others. That is why I dont unerstand the dilution except for they are using it to buy more leases (which I guess exlplains it lol). I just want to know how much dilution to expect in the future. It was a 60-70k dry hole right? 5% interest? Did we only pay 3k to drill? 0$ to drill and our expertise in PIP was what gave us 5%? Or is 60-70k the cost of 5%?? Important facts to understand and I dont
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