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Monday, August 21, 2006 1:40:47 PM
I've been reading backwards now for over an hour and 'cause I saw your post this AM when I did my first read thru.
I think you have some solid questions.
- What is going on with the Charring cross deal? GOOD QUESTION.
- Why did Paul Smith state in December that they were being inundated with calls to use THEIR hydroslotter technology when hydroslotter is a subcontractor? GOOD QUESTION.
- Whats going on with the Lake Eire Rubicon Petroleum properties that we aquired? GOOD QUESTION.
Here's something related to these 3 that I wonder about:
Does anybody out there have any idea how much property is actually in the portfolio as candidates for hydroslotting? Does anybody know haow much propertey is not a candidate for hydroslotting? We have relationships (and hence presumably access to slottable properties) via WW, some via Rubicon, presumably access to some via Tyche.... and presumably some in Grimes? So, here they are trying to add a portfolio of properties via LOIs in East Texas & West Texas.... At what point is there going to be some kind of overall picture of the holdings.... and when will it be explained what constitutes a legitimate candidate for slotting? How large actually is the universe of available properties to which BIGN already has an established relationship?
If the Rubicon & the WW & the Grimes & the Tyche relationships gave them access to enough candidate properties to do that PR that had them doing 20 wells a month.... why all this slathering and all this "hot and bother" to bulk up by obtaining all these properties in East & West Texas via all the LOIs? Why do we need to be focusing on these LOIs if the relationships we alraedy know about provide enough opportunities to slot 20 wells a month?
Any ideas out there?
ImperialWhazoo
"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."
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