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Saturday, March 19, 2016 11:15:54 AM
the options are...
- further farmout of the Kenya block
- farmout of a portion of Chad
- farmout of a portion of the STP-EEZ block
- cash infusion from the oft mentioned "strategic investor"
Continuing with convertible debt is simply not an option anymore. I think you know that, but like some rabid animal you take pleasure in creating as much pain in others as you can. I don't get that. It's really sad, IMO.
2.) IMO, once the leftover convertible debt is converted and sold, somewhere around 34-35M shares will be outstanding. I expect oil will be found in this well and I believe that this company, which has NEVER hyped itself, is significantly understating the 20% chance of success. The CEO, CFO, and Offor poured roughly $550,000 into this stock over the last year and a half. IMO, finding oil is almost assured with this well, and that is why they bought as much as they did.
We'll know in 60-90 days. Continue your sick pleasure of hurting strangers until then.
People maintain anonymity for a reason and it is rarely noble.
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