Diversified Oil and Gas Holdings (DVFI)

[Fishing at Surfside]

There is another pinky stock on my watch list which released a PR on August 10. It said "that it will have a rig available in the fourth quarter of 2006 or the first quarter of 2007 to drill the wildcat well to test the structure...".

I can't see how BIGN could run a company having to wait that long for rigs, and then having them break down. The extra wait will be worth it.

Anyone interested in estimating a PPS on grimes alone at the end of 07 with 18 wells online? Exclude all other income. I think that even if a 800MM O/S were used it would still look good.