Diversified Oil and Gas Holdings (DVFI)

[Imperial Whazoo]

eatmenasdaq, I think you hit the nail on the head.

Here's my reasoning, board folks.

First, the price of oil & natural gas has gone up Up UP!!! since the original LOI announcement date. Basically BIGN said to the seller "Let me buy you assets for $$$" and put forward some earnest money with oil at $60.00 a barrel. Then, a delay happens due to Lancaster's cancer surgery. The fact is that oil went on up way above predicted during the dd time and the delay period. If there is one company (BIGN) trying to buy the assets, you can be darn sure there are others sniffing around. The price of oil goes up, time passes for the due dilly period, the the extension, then the LOI expires.... tick tock time passes.... oil $$$ rises....

The only way the deal gets off dead center, IMHO, is for oil to start retreating in price. Since BIGN has money in the sellers pocket already and since the venture capitalists that actually own BIGN (yes, gang, look all the way back to the beginning...Biogenerics is a venture capitalist outfit from Toronto who have become accidental oil men, as it were).... anyway, IMHO, the venture capitalists have figured out that they have to get assets they control (rigs, slottable properties, 3D seismic, gas injection technologies....) or, somewhere down the road, the Schlumberge's of the world will "pirate" the slotting technology (or Hydroslotter will cut a new deal and effectively cut the venture capitalists out entirely) and their investment will be essentially worthless. They therefore HAVE to make a deal.... they will, IMHO, find the money to do this deal.

That having been said, the decline in the price of oil may be exactly the thing that is needed to get the sellers to finalize things. In essence, sign now before the price of oil drops further. A bird in the hand is worth two in the bush.... that kind of thing.

Thats how I see it. Could very well be wrong, but thats my take.

Imperial Whazoo