Diversified Oil and Gas Holdings (DVFI)

[Imperial Whazoo]

You are right on, spiras. Thats my point in the one of my posts late last night. If the LOI Aug 31 expires, the initial reaction may be for the stock to plummet but, just as you said, we are looking at wells with production and ata host of nearby eligible wells. If it plummets, swoop in and buy!

One thing that is apparent from the table you so kindly included is that the decline rate is pretty pronounced. If this decline rate is typical, then production will not last as long as projected.

However, with all the wells in this field, it is less important that the reworked wells have a steep decline curve because, if the cost remains low to slot them, the payout is still mighty compelling.

Good body of work, spiras
ImperialWhazoo