Remember this folks. The closer oil gets to $20-25, the closer a purchase deal will be. From what I have gathered, when talking to Mr. Jalal, he said that they are waiting for oil to bottom out. He also mentioned a windmill in Argentina that they are looking at. They offered 24 million for the property in Texas, which the bank is not honoring, the bank wants 40 million for the property, with 19 wells and they are offering 24 million based on a $22 price of oil. They wholeheartedly believe that the Saudis have sufficient capital to feed their 30 million population and they believe that oil will go down to $20.00. I disagreed of-course. I can tell you this much, they are waiting to hit a home run too, just as much as any body that has a skin in the game. If there is no dilution and if the board and the directors hold vast majority of the shares in the OS then this is a no brainer, it will just take some time. He also said, if investors want to make a quick buck from here, they are better off going to Las Vegas.
